THE IMPACT OF INTERNAL CONTROL ON EFFECTIVE ADMINISTRATION OF LOCAL GOVERNMENT COUNCILS (A CASE STUDY OF IKONO LOCAL GOVERNMENT COUNCIL)

ABSTRACT

This study was designed to assess the impact of internal control on effective administration of Local Government Council. Internal control is a major for enhancing the performance in any organization, be it private or public. Internal control plays a very important role by seeking and ensuring the detection and prevention of frauds, determined the contribution and impact of internal auditor in the administration of local government. In other to achieve this task effectively, the study drew sample of twenty respondents from Ikono Local Government Council using the Taro Yamane formular. Moreso, sources of information came from textbooks and journals, research questions were formulated and tested using simple frequency tables that involved percentages. Findings revealed that internal control provides information that help in achieving organization goals by protecting, assets against waste and inefficiency. It also ensure accuracy and reliability in accounting and operation data. Recommendations were that sound internal control should be in existence in Ikono Local Government Council. This will help in providing information for achieving the desired goal of the establishment. 

TABLE OF CONTENTS

Title Page

Dedication

Acknowledgement

Abstract

Table of Contents

Chapter One: Introduction

1. Background of the Study
   1. Statement of the Problem
   1. Objective of the Study
   1. Research Questions
   1. Significant of the Study
   1. Scope  and Limitation of the Study
   1. Organization of the Study
   1. Definition of Terms

End Notes

Chapter Two: Review of Review Literature

• Introduction 
  • Meaning and Concept of Internal Control
  • Classification of Internal Control
  • Function of Internal Audit Department
  • Types of Control Activities of Internal Control
  • Ways of Achieving Internal Control
  • Forces Promoting Internal Control in the Organization
  • Local Government Administration Finance
  • Impact of Internal Audit through Internal Control in the Local Government Council
  • Effect of Internal Auditing on Local Government Administration
    • Problems and Prospect of Internal Auditing on Local Government Administration
  • Characteristics of Internal Control
  • Differences Between Internal Control and External Audit

End Notes

Chapter Three: Research Methodology

• Introduction
  • Research Questions Re-statement
  • Design of the Study
  • Area of the Study
  • Population of the Study
  • Sample and Sampling Techniques
  • Instrument/Method of Data Collection
  • Data Analysis Techniques

 Chapter Four: Data Presentation, Analysis and Interpretation

• Introduction
  • Data Presentation 
  • Data Analysis and Interpretation

Chapter Five: Findings, Conclusion and Recommendation

• Introduction
  • Findings
  • Conclusions
  • Recommendations

References

Appendix

CHAPTER ONE

INTRODUCTION

1. Background of the Study

It can be traced back to the ancient firms state was auditing as seen today in its reformed state was established in the later part of 19^th century. Originally, on auditor was one to whom the receipt and payments of an establishment were read (Akinkemin 2009, p. 85). The definition of auditing came as independent examination and investigation of the evidence from which a financial statement has been prepared with a view of enabling the independent examiner to report whether in his opinion and according to the best of his knowledge, the formation and the explanation obtained by him is properly drawn up and gives a fair view of what it reports to show and if not, in what respect he is not satisfied. The independent examiner who does the investigation and report there upon is referred to as Auditor. (Attwood, Praff and Paula, 2011, P. 11).