ABSTRACT
The topic, "the impact of
audit report in the management of Local Government funds", a study of
Afikpo North Local Government Area, is to appraise the role and importance of
audit in the financial management of Local Governments. This motivated the
researcher into formulating the following objectives:- To find out the role
played by the audit reports, in the management of local Government's funds, to
find out the extent of compliance with the financial regulations, to find out
the problems involved' in exercising audit duty Following these objectives of
the study, questionnaires were distributed to staff of Afikpo North Local
Government Area and Local Government Audit department as the sample size. Data
were generated from both secondary and primary source, X2 was used to test the
three hypothesis formulated for the study. Finding were made which among others
stated that audit reports create no remarkable impact in the management of
Local Government funds hence audit reports are addressed to chairman of the
Local Government Area who are usually victims of the audit reports and as such
always shun the implementation of the audit reports. Based or these findings
the following recommendations were made - That audit reports should be
addressed to state chief executive, i.e. the state Governor and audit committee
established in Governor's office to enforce implementation of audit report(s).
That regular training, courses and seminars should be organized for Local
Government Executive, the legislative arm and the key functionaries of the
Local Government Areas on the importance of audit and its report(s) and that
implementation of audit reports should not be the responsibility of the Local
Government Chairmer1 if audit report(s) should create positive impact in the
management of Local Government funds.
OFEH, I (2021). Impact Of Audit Report In The Management Of Local Government Funds. (A Study Of Afikpo North Local Government Area Of Ebonyi State). Mouau.afribary.org: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-audit-report-in-the-management-of-local-government-funds-a-study-of-afikpo-north-local-government-area-of-ebonyi-state-7-2
IKPOR, OFEH. "Impact Of Audit Report In The Management Of Local Government Funds. (A Study Of Afikpo North Local Government Area Of Ebonyi State)" Mouau.afribary.org. Mouau.afribary.org, 07 Jul. 2021, https://repository.mouau.edu.ng/work/view/impact-of-audit-report-in-the-management-of-local-government-funds-a-study-of-afikpo-north-local-government-area-of-ebonyi-state-7-2. Accessed 26 Nov. 2024.
IKPOR, OFEH. "Impact Of Audit Report In The Management Of Local Government Funds. (A Study Of Afikpo North Local Government Area Of Ebonyi State)". Mouau.afribary.org, Mouau.afribary.org, 07 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-audit-report-in-the-management-of-local-government-funds-a-study-of-afikpo-north-local-government-area-of-ebonyi-state-7-2 >.
IKPOR, OFEH. "Impact Of Audit Report In The Management Of Local Government Funds. (A Study Of Afikpo North Local Government Area Of Ebonyi State)" Mouau.afribary.org (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-audit-report-in-the-management-of-local-government-funds-a-study-of-afikpo-north-local-government-area-of-ebonyi-state-7-2