Internal Audit as a Tool for Promoting Accountability and Transparency (A Case Study of Okehi Local Government Area Of Kogi State)

ABSTRACT

The major objective of this study is to examine how internal audit can promote Accountability and transparency. The first chapter gave an in-depth of the background to the study, statement of the problem, objective of the study, research question, research study, limitation, definition of term in the course of the study, many literary works were on the literature review and conceptual framework in this chapter, the researcher was able to explain the concept of Internal Control based on the explanation given by different authors. The researcher was able to relate Internal audit as a check on Internal Control. Also, the researcher explained the concept of Accountability and Transparency, limitation of Internal System, and lastly review of previous Studies which the researcher gave a lot of Authors opinion. There is no research that can be done without presenting data. Chapter three, which is the research methodology on respondent who are well informed about auditing. The data collected were mostly analyzed by using chi-square method (x2) to arrived at final conclusion. Chapter Four focuses on the data presentation, analysis and interpretation. Based o the data collected and analyzed. It was discovered that the relationship between Internal audit department and other department strongly affect the Effectiveness of Accountability and Transparency in Okehi Local Government. The factors that hindering the effective performance of auditors includes auditor’s independence, qualification and working experience and laid down rules and regulations, while Chapter Five focus on Summary, Conclusion, Recommendation and Suggestion for further studies.

 

TABLE OF CONTENTS

Title page                                                                                    i

Dedication                                                                                   ii

Certification                                                                                 iii

Dedication                                                                                   iv

Acknowledgement                                                                       v

Abstract                                                                                       vii

Table of Contents                                                                        ix

List of Tables                                                                               xiii

CHAPTER ONE:           INTRODUCTION

1.1     Background of the Study                                                   1

1.2     Statement of the Study                                                      3

1.3     Objective of the Study                                                       4

1.4     Research Question                                                             5

1.5     Research Hypothesis                                                         6

1.6     Significance of the Study                                                   7

1.7     Scope of the Study                                                             8

1.8     Limitation                                                                          9

1.9     Definition of Terms                                                           10

CHAPTER TWO:         LITERATURE REVIEW

2.1     Introduction                                                                       12

2.2     Concept of Internal Control                                               13

2.3     Internal Audit as a Check on Internal Control                    17

2.4     Internal Check                                                                   21

2.5     Concept of Accountability and Transparency                    23

2.6     Limitation of Internal Control System                               25

2.7     Review of Previous Studies                                               27

2.8     Summary                                                                           30

CHAPTER THREE:     RESEARCH METHODOLOGY

3.0     Introduction                                                                       32

3.1     Research Design                                                                33

3.2     Population of the Study                                                     33

3.3     Sampling Method                                                              34

3.4     Sampling Procedures                                                         34

3.5     Research Instrument                                                          35

3.6     Analysis of Data Collected                                                36

3.7     Statistical Tools and Analytical Procedures                       36

3.8     Limitation of Methodology                                                37

CHAPTER FOUR:        DATA ANALYSIS RESULTS AND DISCUSSION

4.1     Introduction                                                                       39

4.2     Data Analysis                                                                    39

4.3     Analysis of Responds/Items on the Questionnaire             44

4.4     Testing of Research Hypothesis                                         51

4.5     Discussion of Findings                                                      57

CHAPTER FIVE:          SUMMARY, CONCLUSION AND RECOMMENDATION

5.1     Introduction                                                                       60

5.2     Summary                                                                           60

5.3     Conclusion                                                                        62

5.4     Recommendation                                                               63

5.5     Suggestion for Further Studies                                           65

          References                                                                         66

          Appendix                                                                           69

          Questionnaire