The purpose of this research is to study the impact of effective internal control system in the local government in Nigeria as a process of achieving financial accountability.
Also to show what happens when such a system is found ineffective. It equally aimed at providing possible solutions based on the findings and making of some recommendations when implemented will reduce some of the problems encountered in the process of maintaining financial prudence and accountability.
The sources of data used in this research are questionnaire responses, seminar handouts and personal observations. The analysis of data comprised of the use of percentage and chi-square (x2) technique. This technique was apply appropriately with three degrees of freedom and at 0.05 level of significance.
The internal control system was seen to be more effective at the finance department. Segreanse of duties was not so adequate because of interruption from the top management not allowing proper separation of functions.
The analysis of the questionnaire schedule revealed that most local government has seen the need for effective internal control system. They equally showed satisfactions from the results so far and have realized the problems inherent where there is ineffective internal control system.
It was also observed that internal control system, which is effective, enhances early detection of mistakes, deliberate misappropriation and equally checks collisions, fraud or embezzlement of funds.
Effective internal control system should be emphasized in all sectors of our economic.
This is because it tares care of proper authorization, reliability of financial records and the maintenance of financial accountability. The internal audit department should also be made to be effective in it’s functions.
Contents
Cover page
Title page
Certificate or Approval
Dedication
Acknowledgement
Abstract
Table of contents
List of tables
CHAPTER ONE
1.1. Background of Study
1.2. Statement of Problems
1.3. The Objective of the Study
1.4. Significant of Research
1.5. Research Question
1.6. Research Hypothesis
1.7. Scope or Delimita of the Study
1.8. Definition of Terms
CHAPTER TWO
2.1. Review of Literature
2.2. The network of internal control system
2.3. Management controls
2.4. An overview of effective internal control system
2.5. Internal checks and auditing practices
2.6. The place of external auditing in enhancing financial accountability in local government
2.7. Application for control to public sector
2.8. Application of control to private sector
2.9. Accountability and general
2.10. Summary of related literature
CHAPTER THREE
1.0. Research Methodology
1.1. Research design
1.2. Area of study
1.3. Population of the study
1.4. Sample and sampling procedure
1.5. Instrument for data collection
1.6. Validity of instrument
1.7. Reliability of instrument
1.8. Method of data collection
1.9. Method of data analysis
CHAPTER FOUR
1.0. Presentation and Analysis of Data
4.1. Analysis of questionnaire research
4.2. Analysis of the test hypothesis
conclusion on the test of hypothesis
CHAPTER FIVE
2.0. Discussion, Conclusion and Recommendation
5.1. Discussion of Findings/result
5.2. Conclusion of Findings/Result
5.3. Implication of Result
5.4. Recommendation
5.5. Suggestions for further research
5.6. Limitation of the study
References.
Strategies For Enhancing Financial Accountability In The Local Government System. (n.d.). UniTopics. https://www.unitopics.com/project/material/strategies-for-enhancing-financial-accountability-in-the-local-government-system/
“Strategies For Enhancing Financial Accountability In The Local Government System.” UniTopics, https://www.unitopics.com/project/material/strategies-for-enhancing-financial-accountability-in-the-local-government-system/. Accessed 20 September 2024.
“Strategies For Enhancing Financial Accountability In The Local Government System.” UniTopics, Accessed September 20, 2024. https://www.unitopics.com/project/material/strategies-for-enhancing-financial-accountability-in-the-local-government-system/
Here’s a typical structure for Strategies For Enhancing Financial Accountability In The Local Government System research projects:
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- The abstract of Strategies For Enhancing Financial Accountability In The Local Government System should be a summary of around 150-250 words and should highlight the main objectives, methods, results, and conclusions.
- The introduction of Strategies For Enhancing Financial Accountability In The Local Government System should provide the background information, outline the research problem, and state the objectives and significance of the study.
- Review existing research related to Strategies For Enhancing Financial Accountability In The Local Government System, identifying gaps the study aims to fill.
- The methodology section of Strategies For Enhancing Financial Accountability In The Local Government System should describe the research design, data collection methods, and analytical techniques used.
- Present the findings of the Strategies For Enhancing Financial Accountability In The Local Government System research study using tables, charts, and graphs to illustrate key points.
- Interpret Strategies For Enhancing Financial Accountability In The Local Government System results, discussing their implications, limitations, and potential areas for future research.
- Summarize the main findings of the Strategies For Enhancing Financial Accountability In The Local Government System study and restate its significance.
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