ABSTRACT
The study on audit is an
important one especially when it has to do with auditing as an instrument of
accountability in an organization. Accountability as we all know, means
answerability for one's action and behavior within the emphasis that public
official, should be required to be answerable for their actions. Thus, if
effected would permit and facilitate the achievement of cooperate goal. It is
the efficiency of this accountability that auditing, be it internal or external
set out to appraise. This project work sought to examine the role of auditing
as a means of enhancing proper accountability of public fund. A case study of
Abak local government council in Akwa Ibom state. The problem of the local
government council under study was lack of accountability, irregularities and
mismanagement of public fund resulting on poor organization, poor
administration and poor decision. The study assess the role of auditing as control
machinery in the management of Abak local government finance, its effectiveness
and efficiency in the prevention and disclosure of irregularities, and to find
out its associated problem as well as its recommendation as a propound solution
to it. Opinions of expert pm subject mater were evaluated in chapter two. Data
were collected both from primary and secondary sources. The primary sources
were through questionnaires admininisterd and personal interview. The secondary
sources were text books from libraries and journals. Simple percentage and
chi-square techniques were used in data analysis and testing of the three
hypotheses. 5% level of significance was provided for against error and 95% of
work done is assumed to be correct. From the studying, the findings reveal that
negligence of duty, irregularities- fraud, embezzlement, misappropriation of
fund and non adherence to ethical code of the establishment is the other of the
public sector in general. In my recommendation, audit department should be
given a reasonable degree of independence to enable them report its findings on
all activities of the council. Qualified staff should be employed, and all rule
and regulations guiding the activities of every unit of the council should be
observed. Above all, auditing rule should be emphasized and adhered to.
UDO, I (2021). Role Of Auditing As A Means Of Enhancing Proper Accountability Of Public Fund. (A Case Study Of Abak Local Government Council In Akwa Ibom State). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/role-of-auditing-as-a-means-of-enhancing-proper-accountability-of-public-fund-a-case-study-of-abak-local-government-council-in-akwa-ibom-state-7-2
I, UDO. "Role Of Auditing As A Means Of Enhancing Proper Accountability Of Public Fund. (A Case Study Of Abak Local Government Council In Akwa Ibom State)" Mouau.afribary.org. Mouau.afribary.org, 05 Jul. 2021, https://repository.mouau.edu.ng/work/view/role-of-auditing-as-a-means-of-enhancing-proper-accountability-of-public-fund-a-case-study-of-abak-local-government-council-in-akwa-ibom-state-7-2. Accessed 01 Nov. 2024.
I, UDO. "Role Of Auditing As A Means Of Enhancing Proper Accountability Of Public Fund. (A Case Study Of Abak Local Government Council In Akwa Ibom State)". Mouau.afribary.org, Mouau.afribary.org, 05 Jul. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/role-of-auditing-as-a-means-of-enhancing-proper-accountability-of-public-fund-a-case-study-of-abak-local-government-council-in-akwa-ibom-state-7-2 >.
I, UDO. "Role Of Auditing As A Means Of Enhancing Proper Accountability Of Public Fund. (A Case Study Of Abak Local Government Council In Akwa Ibom State)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/role-of-auditing-as-a-means-of-enhancing-proper-accountability-of-public-fund-a-case-study-of-abak-local-government-council-in-akwa-ibom-state-7-2