THE ROLES OF AUDITORS AND METHOD OF INTERNAL CONTROL IN LOCAL GOVERNMENT | Blazingprojects Postgraduate Thesis
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THE ROLES OF AUDITORS AND METHOD OF INTERNAL CONTROL IN LOCAL GOVERNMENT

 

Table Of Contents


Chapter ONE

INTRODUCTION

  • 1.1Introduction
  • 1.2Background of Study
  • 1.3Problem Statement
  • 1.4Objective of Study
  • 1.5Limitation of Study
  • 1.6Scope of Study
  • 1.7Significance of Study
  • 1.8Structure of the Research
  • 1.9Definition of Terms

Chapter TWO

LITERATURE REVIEW

  • 2.1Overview of Internal Control
  • 2.2History of Audit Practices
  • 2.3The Role of Auditors in Organizations
  • 2.4Types of Internal Controls
  • 2.5Audit Procedures and Techniques
  • 2.6Internal Control Frameworks
  • 2.7Challenges Faced by Auditors
  • 2.8Emerging Trends in Auditing
  • 2.9Relationship between Auditors and Internal Controls
  • 2.10The Impact of Technology on Auditing

Chapter THREE

RESEARCH METHODOLOGY

  • 3.1Research Methodology Overview
  • 3.2Research Design and Approach
  • 3.3Data Collection Methods
  • 3.4Sampling Techniques
  • 3.5Data Analysis Procedures
  • 3.6Ethical Considerations
  • 3.7Validity and Reliability of Data
  • 3.8Limitations of the Methodology

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

  • 4.1Overview of Findings
  • 4.2Analysis of Internal Control Systems
  • 4.3Auditor's Role in Risk Assessment
  • 4.4Effectiveness of Internal Controls
  • 4.5Compliance with Audit Standards
  • 4.6Recommendations for Improvement
  • 4.7Comparison with Previous Studies
  • 4.8Implications for Practice and Policy

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

  • 5.1Conclusion and Summary
  • 5.2Summary of Findings
  • 5.3Contributions to Knowledge
  • 5.4Practical Implications
  • 5.5Recommendations for Future Research

Thesis 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.

Thesis Overview

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.

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