Select Currency
Translate this page

THE ROLE OF INTERNAL AUDITOR AND THE METHOD OF INTERNAL CONTROL IN A LOCAL GOVERNMENT

Format: MS WORD  |  Chapter: 1-5  |  Pages: 69  |  3774 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE FULL PROJECT

THE ROLE OF INTERNAL AUDITOR AND THE METHOD OF INTERNAL CONTROL IN A LOCAL GOVERNMENT

 

ABSTRACT

The subject of this research investigation is “The Role of Internal Auditor and the method of Internal Control in Local Government in Enugu state specifically. The objective of the study is to know whether the function of the internal audit department are performed in compliance with the established standards and policies and how much it have succeeded in achieving the objectives of the local government. The methods of data collection were interviews, direct observation and study of secondary materials. In analyzing the data collected, percentage and some formulated hypothesis were used. The major findings of this study are: That Udi Local Government Area has an Internal audit department, that internal auditing helps to know how well the policies of the management are executed, that the duties of the internal control be performed by either the accounts division or the external auditor who must be statutorily appointed, that all the internal auditors of the local government report to the auditor general, through the executive chairman of the local government area. The researcher hereby recommends that internal auditing should be employed in local governments, because it will help immensely in management control.

 

CHAPTER ONE

INTRODUCTION

1.1   BACKGROUND OF THE STUDY

The new civil services move with designed to make the service more functional professional, productive and responsive to the socio-economic needs of the nation. The federal government has also recently revamped and restructured the local government system to enable it perform its role of promoting, co-ordinating and implementing community services enhancing citizens participation and maximizing the use of local resources. Enormous amount of money of flowing to the local government form the federation account, the of the state internally generated revenue and the revenue of the local government.

The federal government of Nigeria came up with a financial instruction in 1979, instructing all local government to set up internal audit unit in each local government. But the behaviour and attitude of operation of local government system resulted in many local government not setting up internal audit unit or if set up. They were not functional. The federal government in 1988 set in motion a real ware of change. A real frame work of internal auditing in the local government was spelt out in order to make it less difficult for management of the local government as the greatest contributing factor to the poor performances of local government.

1.2   STATEMENT OF THE PROBLEM

The local government has three broad sources of revenue, they include: direct from the federation’s account, of internally generated revenue of the state government and revenue generated internally by the local government her self. The internal sources available to the local government area include: rents from market stores, royalties paid by some residents company in a local government contractors registration, sales of car/bus emblems, etc. Since the local government has a whole lot of possible sources of revenue, the problems therefore include:

a)  How can efficient management controls be achieved?

b)  What is the role of internal auditing in ensuring this control?

c)  How can the internal auditing be made a useful tool management control?

1.3     OBJECTIVE OF THE STUDY

a)  The researcher intends to find out, the role of auditors and the method of internal control in local government.

b)  Whether the function of the internal audit department are performed in compliance with the established standards and policies and how much it has succeeded in achieving the objective of the local government.

c)       In the end, the researcher shall establish some acceptable benefit that may be derived from effective audit control system.

1.4     RESEARCH QUESTIONS

a)  Do Udi Local government Area have an internal audit department?

b)  If internal auditing helps to know how the polices of management were executed?

c)  Can the duties of the internal auditor be performed by either the accounts division or the external auditor who must be statutory?

d)  Do all the internal auditors of the local government area report to the auditor general, through the executive chairman of their local government area?

1.5    RESEARCH HYPOTHESIS

In the research work, the following hypothesis were formulated, tested and analysed in solving the research problem.

Ho:  The internal audit department helps the accounting system of the local government.

Hi:  The internal audit department does not help the accounting system of the local government.

Ho:  The internal audit department does not help to prevent fraud and improve revenue position.

Hi:  The internal audit department helps to prevent fraud and improve revenue position.

Ho:  Reporting to the auditor general, through the executive chairman of the local government makes the internal auditor perform his fiduciary duties diligently.

Hi:  Reporting to the auditor general, through the executive chairman of the local government makes the internal auditor not to perform his fiduciary duties diligently.

1.6     SIGNIFICANCE OF THE STUDY

This research is on attempt to survey the constructive parts, which internal auditing can play in the local government system in Nigeria with particular reference to Udi Local government Area of Enugu State. A lot of problems are facing the local government area as not having an effective audit central system one of these problems is the management seems to gloss over the operation of the local government, which are carried out in disorganized manner. The researcher was motivated to choose this topic because of his belief that if management of Udi local government, an efficient management which is pre-requisite for high productivity will be assured.

This is so because an efficient control system will enable the management to monitor the performances of the executives and take necessary and adequate corrective actions to ensure high performances of the executive and take necessary and adequate corrective actions, to ensure high performances at all levels.

1.7     SCOPE OF THE STUDY

The scope of the study is limited to Udi local government area of Enugu state. This is because of the limited time available for the researcher for the submission of the report and the financial involvement of the scope is further widened. Furthermore, from the related literature review, it was observed that there were enough bases for generalizing the result of the study.

1.8     LIMITATION OF THE STUDY

The study has been limited by a number of factors notable among the limitations was our people’s poor reaction to research questions and reading meaning into any attempt at any form of interview.

One of the vital documents needed for this investigation could not be supplied because it was audited account for 2007 and 2008 financial year. The last audited account was in 1988. It took researcher much effort to convince some respondent, that he is not in anyway trying to find out the well or otherwise they are carrying out their work.

Capital Restrains: This research cost the researcher capital transport fares, buying of materials and browsing the internet to obtain more points.

Ignorance: Most of the respondents were ignorant of giving out information demanded by the researcher, they were ignorant of the research purpose and though it will be used for negative reasons.

Evasion of privacy: Some of the questions that was asked in this study appeared to be evading the privacy of the respondents, for this reason, the researcher did not get all the cooperation he requires in order to conduct a good research.

1.9   DEFINITION OF TERMS

LOCAL GOVERNMENT: A local government is a form of public administration which in a majority of contexts, exists as the lowest tier of administrator within a given state (Wikipedia).

EMBEZZLEMENT: This is an act of dishonesty withholding assets for the purpose of conversion (theft) of such assets, by one or more person to whom the assets were entrusted, either to be held or to be used for specific purposes.

APPRAISAL: A valuation of property (i.e., real estate, a business, an antique) by the estimate of an authorized person. In order to be a valid appraisal the authorized person will have a designation form a regulatory body governing the jurisdiction the appraiser operates within.

  DOWNLOAD THE FULL PROJECT

THE ROLE OF INTERNAL AUDITOR AND THE METHOD OF INTERNAL CONTROL IN A LOCAL GOVERNMENT

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON THE ROLE OF INTERNAL AUDITOR AND THE METHOD OF INTERNAL CONTROL IN A LOCAL GOVERNMENT INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Musa From Ahmadu Bello University
Thank you iprojectmaster for saving my life, please keep it up and may God continue to bless you people.
Excellent
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Abubakar Iliyasu Hashim
Federal college of education pankshin affiliated to university of jos
I am highly impressed with your unquantifiable efforts for the leaners, more grace to your elbow.I will inform my colleagues about your website.
Very Good
Adam Alhassan Yakubu
UDS
Excellent work and delivery , I promise to share my testimonies everyone in need of this kind of work. You're the best
Excellent
Abdul Mateen Iddrisu
UDS
At first I taught is a site full of fraudsters until I saw my project in my Gmail after my payment.. THANK YOU IPROJECTMASTER and May God the almighty bless u guys abundantly
Excellent
Stancy M
Abia State University, Uturu
I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...
Excellent
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about iprojectmaster.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Uduak From Uniuyo
IProjectMaster is the best project site for students. Their works are unique and free of plagiarism!
Excellent
Abdulrahman Jibrin
Nti Abaji
Nice one work prompt delivery tanx
Very Good
Abdulrazak Bello Marsha
Usman Dan fodio University
It was quite a better guide for project and paper presentation purpoting. Many thanks.
Average

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on THE ROLE OF INTERNAL AUDITOR AND THE METHOD OF INTERNAL CONTROL IN A LOCAL GOVERNMENT?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on THE ROLE OF INTERNAL AUDITOR AND THE METHOD OF INTERNAL CONTROL IN A LOCAL GOVERNMENT?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for THE ROLE OF INTERNAL AUDITOR AND THE METHOD OF INTERNAL CONTROL IN A LOCAL GOVERNMENT, What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!