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The Impact of External Auditing on the Performance of Local Government Council in Nigeria

The Impact of External Auditing on the Performance of Local Government Council in Nigeria

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DEDICATION

This research material, titled “The Impact of External Auditing on the Performance of Local Government Council in Nigeria” is dedicated to God for His boundless grace and guidance. It is also a tribute to all computer enthusiasts whose contributions made my research journey smoother and enriched my documentation process, making the experience truly fulfilling.




ACKNOWLEDGEMENT

I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Accountancy / Accounting for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on The Impact of External Auditing on the Performance of Local Government Council in Nigeria provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.




PRELIMINARY PAGES


CHAPTER ONE

INTRODUCTION


    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • 2.4 Empirical Studies
    • 2.5 Research Gaps
    • 2.6 Summary of Literature Review

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”



    ABSTRACT

    Local Governments in Nigeria have been featured with gross financial mismanagement to the extent that the government had decides to institute periodical restricting and reform programmers. In the existence of integrity, effectiveness and efficiency in utilization of resources, the council can easily obtain unqualified audit opinion from CAG. Failure to obtain unqualified audit reports may take the council into access to LGCDG and therefore gives a negative impact to the authority it terms of service provision. It was that reason therefore, that prompted to carry about a study to assess whether local authorities effectively implement financial management systems by conducting a study at uyo Municipal Council. The research methods employed were:-questionnaires observation and interviews. The researcher employed simple selection techniques. A sample of 45 respondents was selected from a total population of units of inquiry. The study findings revealed that; still there some weakness in terms of enforcing procedures and principles guiding the authorization and access of organization’s assets and documents Also the study found an increasing rate of improperly vouched expenditure year after year and improper approvals, improper documentation and attachment. The study also found existence of over expenditure on some common items like fuels and allowances, caused by insistence of a reliable computerized system for budgeting and accounting activities. On the part of the functioning of the external audit unit, the findings revealed a weakness on reporting channel. The study finally found that, the financial management systems in local government Authorities are slightly effective, so for improvement, the study recommends: the immediate computerization of the accounting and budgeting systems, that performance. Finally; the council internal auditor should report direct to councilors and to ministry responsible. The researcher really hopes that the output of this research study shall be of practical use to other individual scholars, Institutions of higher learning and Local Government Authorities of Nigeria.



    The Impact of External Auditing on the Performance of Local Government Council in Nigeria



    Introduction

    1.1 Background Of The Study

    This chapter presents the research findings on the role of external Audit in improving Local Government Authority. Though there are several aspects of management control systems in organizations, the researcher focused only on the financial aspect. The study therefore, explored the status of local government authorities (LGAs) external audit roles in achieving the council’s predetermined goals and objectives. The study was conducted in uyo Municipal Council (UMC) in the period of December 2011 to June 2012. The chapter also deals with giving the background of the Local Government Council (LGAs), background of the problem, statement of the problem, objective s of the study, research questions, significance of the study, scope, limitation of the study that the researcher will face and delimitation which in turn will help in investigating this topic of the study coming to the good conclusion and recommendations. From this subject a number of areas will be covered in detail, which includes theory behind audits and other control bodies which promotes public sector accountability through good corporate governance, effective risk management and transparency in government operations in fulfilling the pre-set objectives.


    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the conceputal review, theoretical framework, the review of related literature …

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    In preparation for defending a project or seminar on The Impact of External Auditing on the Performance of Local Government Council in Nigeria, it is imperative that as a nursing student, you demonstrate comprehensive knowledge of your research. The defense process is structured to include presenting your work, answering questions, and illustrating its pertinence. Initially, provide a succinct yet thorough introduction to your research topic, emphasizing its importance and the objectives, ensuring that both the audience and the External Examiner can understand the scope of your study.


    Prior to your defense, be thoroughly acquainted with your research abstract and the critical elements of Chapter One, including motivation for embarking on this research, problem statement, objectives, and significance. In Chapter Two, be ready to cite at least two references from the literature review. For Chapter Three, you should be equipped to discuss the methodologies, tools, and techniques utilized. In Chapter Four, defend your research by justifying the findings and linking them to your research objectives.


    Conclude your defense by succinctly summarizing the study and offering insightful, evidence-based recommendations. A professional dress code, such as wearing a suit and tie, is vital to create a favorable impression and elevate your presentation.


    During the question and answer segment, the External Examiner may pose questions pertaining to your research. If confronted with a challenging or irrelevant question, respond diplomatically with, “Sorry, Sir/Madam, the question asked is beyond the scope of my study.” Whenever possible, direct your answers back to your research findings to reinforce your expertise.


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