TABLE OF CONTENTS
Title Page
Certification – – – – – – – – ii
Dedication – – – – – – – – – iii
Acknowledgement – – – – – – – iv
Abstract – – – – – – – – – v
Table of Contents – – – – – – – – vi-ix
List of Tables – – – – – – – – x
CHAPTER ONE
1.0 INTRODUCTION
- Background of the Study – – – – – 1-5
- Statement of the Problem – – – – – 5-6
- Objective of the Study – – – – – 6
- Statement of Hypothesis – – – – – 7
- Research Questions – – – – – 7
- Significance of the Study – – – – – 7-8
- Scope/Limitations of the Study – – – – 8
- Organization of the Study – – – – 8-9
- Definition of Terms – – – – – 9-10
End Notes
CHAPTER TWO
2.0 REVIEW OF RELATED LITERATURE
2.1 Introduction – – – – – – – 11
2.2 Nature of Auditing – – – – – – 11-12
2.3 Legal Background of Auditing in government
Finance in Management – – – – – 12-16
2.4 Nature of Government Organization and Auditing – 16-17
2.5 The Role of the State Auditor-General – – – 17
2.5.1 Appointment of Auditor – General for State Government- 18
2.5.2 Function and Responsibilities of Auditor – General for
State Government – – – – – – – 18
2.5.3 The Constitutional Function of State Auditor-General – 19-20
2.6 Importance of Auditing in the Public Sector – – 20-23
2.7 Factors Affecting Auditing in Public sector – – 23-27
2.8 Types of Audit Performed by the Auditor – General
of the State in Ministry of Finance, Uyo – – – 27-28
2.9 Nature of Audit Queries and Actions Required – – 28-30
2.10 Professional Competence of Auditors – – – 30-33
2.11 Significance Impacts of Audit on Public Sector
Financial Management – – – – – – 33-35
2.12 Theoretical Framework – – – – – 35-38
2.13 Empirical Review – – – – – – 38-41
End Notes
CHAPTER THREE
3.0 RESEARCH METHODOLOGY
3.1 Introduction – – – – – – – – 43
3.1.1 Re-statement of Hypothesis – – – – – 43
3.1.2 Re-statement of Research Questions – – – 43-44
3.2 Design of the Study – – – – – – 44
3.3 Area of the Study – – – – – – 44
3.4 Population of the Study – – – – – 44
3.5 Sample and Sampling Technique – – – – 45
3.6 Instrument/Methods for Data Collection – – – 46
3.7 Data Analysis Technique – – – – – 46-47
CHAPTER FOUR
4.0 DATA PRESENTATION, ANALYSIS AND INTERPRETATION
4.1 Introduction – – – – – – – 48
4.2 Data Analysis – – – – – – – 48-50
4.3 Data Presentation and Interpretation – – – 50-59
CHAPTER FIVE
5.0 FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.1 Introduction – – – – – – – 60
5.2 Findings – – – – – – – – 60-61
5.3 Conclusion – – – – – – – – 61-62
5.4 Recommendations – – – – – – 62-63
References
Appendix(ces)
ABSTRACT
This research work on “Auditing and Public Sector Financial management in Akwa Ibom State (A Case Study of Ministry of Finance)” was carried out to examine if auditing have significant impacts on government establishments. The study also evaluates how Government organizations are influenced by audit. The population of the study was 50 staff of Ministry of Finance, Uyo. A descriptive survey design was employed and a stratified random sampling technique adapted to selected 44 respondents from the staff of ministry of finance, Uyo. Questionnaires were administered to elicit information from the respondents. The data collected were presented on appropriate tables and the formulated hypothesis were tested using chi-square (x2) model, while simple percentage were used in analysis the research questions. It was discovered that auditing does not have significant impacts on financial management in government establishment, auditing affect the reliability of account by ensuring that transactions are properly identified, classified and recorded correctly. Ensuring that proper books of accounts are maintained for receipt and payment of public funds etc. It was recommended among others that auditor should maintain his position of independence as much as possible.
CHAPTER ONE
INTRODUCTION
- Background of the Study
The relevance of audit in public sector organizations in Nigeria cannot be over-emphasized. Public sector organizations are mainly funded either by the federal or state governments through budgetary allocation made to them yearly and they can also obtain loans or over draft from banks as well as subvention from government. These funds are expected to be utilized effectively and efficiently to achieve set objectives.
The prime responsibility for ensuring that public money is handed with absolute integrity and spent judiciously rests with ministers, elected members of national assembly, governing bodies, managers and such other officials. Consequently, auditing is stipulated as a mandatory activity in public sector entities. Auditing is done internally and externally.