THE IMPACT OF INTERNAL AUDIT ON THE EFFECTIVE MANAGEMENT OF LOCAL GOVERNMENT ADMINISTRATION (A CASE STUDY OF IJEBU-ODE LOCAL GOVERNMENT)

THE IMPACT OF INTERNAL AUDIT ON THE EFFECTIVE MANAGEMENT OF LOCAL GOVERNMENT ADMINISTRATION (A CASE STUDY OF IJEBU-ODE LOCAL GOVERNMENT)

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THE IMPACT OF INTERNAL AUDIT ON THE EFFECTIVE MANAGEMENT OF LOCAL GOVERNMENT ADMINISTRATION (A CASE STUDY OF IJEBU-ODE LOCAL GOVERNMENT)



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Description

The creation of local government as authorized by the 1999 constitution of the Federal Republic of Nigeria is structured to provide for the needs of the people at the grass root level and bring development to all communities in the nation. This task requires the funds which are both generated from the allocation collected from the federal and state government and self-generated revenue by each local government. The 1999 constitution and other relevant financial laws had also make provision for the accounting system, identifying the process of keeping proper records and account for different revenue and expenditure which the local government realized and incurred respectively. The need to identify the role of internal auditing as an effective management control system in the local government to create effective management to the member of the public has led to this research.
The research work consists of five chapters which include introduction, literature review, research methodology, data analysis and presentation and the summary, conclusion and recommendation. For this research work, the staff of ijebu-ode local government is used as a case study and as sample size of 55 members were randomly selected and 55 copies of questionnaire were distributed to them, 50 questionnaire were recovered out of the 55 copies given to the selected staffs and was analyzed using simple percentage and the hypothesis was tested using Pearson product movement correlation method.
The result of analysis shows that internal auditing helps in promoting effective management control and transparency of the local government in the local government. Also it was discovered that internal audit staff lacks proper independence in conducting their duties, they do not go for training regularly and they are understaffed.
To promote the role of internal auditing as an effective management control system in the local government recommendation were made that the internal audit department requires additional staff, they should be given required level of independence, and they should be allowed to go for training regularly and so on.
TABLE OF CONTENTS
CHAPTER ONE: INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Research Questions
1.4 Objectives of the Study
1.5 Research Hypothesis
1.6 Research Methodology
1.7 Significance of the Study
1.8 Scope of the Study
1.9 Limitation of the Study
1.10 Definition of Terms
CHAPTER TWO: LITERATURE REVIEW The concept of Internal Audit
2.1 Local Government and Its Functions
2.2 Scope and Objective of Internal Auditing
2.3 Government Accounting System and its Process
2.4 Management Control in Local Government
2.5 The concept of Internal Control System
2.6 Audit and Control Concept
2.7 Qualities of a Good Internal Control
2.8 Benefit of Internal Audit
2.10 Internal Audit at the Local Government level
2.11 Differences between the Internal and External Auditor
2.12 Relationship between Internal Audit and Internal Control System
2.13 Professionalism of an Internal Auditor
2.14 Duties and Responsibilities of an Internal Auditor
2.15 Challenges of Internal Audit
CHAPTER THREE: RESEARCH METHODOLOGY
3.0 Introduction
3.1 Research Design
3.2 Study Area
3.3 Population of the Study
3.4 Sample Size/Sampling Procedure
3.5 Data Type and Instrument for Data Collection
3.6 Data Analysis Technique
CHAPTER FOUR: DATA ANALYSIS AND PRESENTATION
4.0 Introduction
4.1 Analysis of Demographic Data
4.2 Interpretation of Data in Section B
4.3 Test of Hypothesis
CHAPTER FIVE
5.0 Introduction
5.1 Summary
5.2 Conclusion
5.3 Recommendation
Reference
Appendix

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