The Impact of Financial Control on Accountability inthe Public Sector in Nigeria
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 6
Abstract
This research was aimed at finding out the impact of financial control on accountability in the public sector in Nigeria. The population for the study entails all the workers in the State Board of Internal Revenue in Bayelsa State. Nigeria. Out of which the sample size was selected using the Taro Yamani‟s sampling techniques. Data for this study were primarily and secondarily sourced. linear regression analysis was used to analyse the data collected with the aid of SPSS version 16 to examine the impact of financial control characterized by internal control (Risk assessment, Control procedures and information and communication system) and internal audit on accountability in the public sector in Nigeria. The study reveals that there is insignificant positive relationship between internal control on accountability and a significant positive relationship between internal audit and accountability in Nigeria. The study therefore, recommends that; organization should pay more attention on internal audit than on internal control to ensure effective financial control and improve on accountability, Management should establish and implement periodic review of internal audit performance to ensure that its performance and value to the Institution is maximized and to ensure compliance with appropriate standards and guidance and Internal control activities, procedures and policies should be regularly revised to ensure that they are effective.
Authors and Affiliations
Dr. Bina Percy Avery, Obah Daddy Obah
Keywords
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- DOI 10.9790/5933-0906033756.
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