ABSTRACT
Accounting system including the system of
auditing in the public sector of the Federation was patterned to the system
obtainable from the British system due to colonial influence before Nigeria’s
independence in October 1960. As a result of this, there is no significant
difference between the civil service operational systems in Nigeria from the
system run by the British Government. In view of the above historical
evolution, ministries and parastatals were established by government at both
federal and state levels. Federal and state audit department were also
established to ensure that public fund committed to these
ministries/parastatals are judiciously accounted for and the department is
headed by Auditor General. In recent times, regardless of the reasonable
objectives, reasonable changes in the civil service structure and operations in
the country have given rise to such problems for auditors in the public or
government account. It is these problems that gave rise to the research on the
strategies for the abatement of audit problems in the public sector in Nigeria.
The research will introduce questions that will provide questions that will
provide solutions to these problems, how these problems have been affecting the
performance of the ministries/department and how these problems have been
obstructing the auditors from expressing valid opinion on the accounts audited.
In the objective of the study, there’s an expression of audit lapses that are
obtainable in government accounts and also to address such problems that may
arise from the statement of the problems. On the sources of data, observations,
interviews and questionnaires are to be applied. Also, books, journals, papers
presented at conference, magazines, unpublished handouts within the
ministry/departments will be explored. The statistical method for data analysis
will be the simple chi square methods which the researcher considers simple to
use and easy to understand. In conclusion, this research identifies the
problems associated with government audit , how to solve or minimize them, how
efficiency will be introduced into government accounting/auditing and how the
users of government financial Statements will benefit from improved auditing
standards and practices.
CHAPTER ONE
1.0 Introduction
1.1 Background of the Study
Having observed that Auditors in Nigeria
have a lot of problems in the audit of government accounts, this research work
will identify these audit problems which are inherent in the public sector of
the economy and ways of minimizing them. The accounting system including the
system of auditing in public sectors and specific organizations of the
federation of Nigeria is an increasingly demanded part of accounting profession
initially developed in the United Kingdom (Britain) and United States over
hundred years ago (Rowan: September 1, 2010).
In view of the historical background that Britain was Nigeria’s
colonial master prior to her independence on 1st
October, 1960 (Atlan:1980) there is no significant difference between the
system operational in Nigeria today from the system emulated from the British
Government. Therefore, various Ministries and Parastatals were established by
Nigerian Government at both the Federal and State level while in each
Ministries/Parastatals, accounts units were created which handles all
Recently, there have been several changes in the civil service structure
and specific organizations operational in Nigeria which brought a lot of
problems in the audit of government accounts. Though, the changes were effected
with reasonable objectives in view but still it has given rise to problems for
the auditors in the audit of public or government which made this research work
to focus on the study of the “strategies for the minimization of Audit problems
in Nigeria....
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Item Type: Project Material | Attribute: 112 pages | Chapters: 1-5
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