The Impact of Value for Money Audit on the Expenditure Control of Public Sector.

47 PAGES (16590 WORDS) Accounting Project
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ABSTRACT

The broad objective of this study is to examine the impact of value for money audit on the expenditure control of public sector in osun state while the specific objective examine the relationships between value for money audit and expenditure control in public sector Ascertain the extent to which value for money audit affect the effectiveness of capital expenditure in public sector and assess the effect of value for money audit on transparency and accountability of capital expenditure in public sector.To achieve this objective Primary source of data was used with questionnaires administered to civil servant in selected local government in  osun state. The data were analyzed using the data collected descriptive analysis to test the hypotheses. Base on the finding from it was discovered that value for money audit in the public sector plays a vital role on fraud prevention, although the aim of value for money audit is not to prevent fraud but its ripple effect helps in fraud prevention, the technique and procedures involve in conducting value for money audit helps to put in place preventive measures against fraud in the public sector. Therefore, base on the findings we made recommendation that value for money audit should be mandatory requirement under statutes in all public sector organisations because of its effect in fraud prevention and Public auditors should have audit policy memorandum that would contain standing matters that could help to achieve value for money audit objective, because of the role it plays on fraud prevention.



TABLE OF CONTENTS

Cover page 

Title 

Declaration………………………………………………………………………………………………………………………………iii

Certification…………………………………………………………………………………………………………………………….iv

Dedication……………………………………………………………………………………………………………………………….v

Acknowledgement………………………………………………………………………………………………………………….iv

Table of Contents………………………………………………………………………………………………………………

Abstract…………………………………………………………………………………………………………………………………

CHAPTER ONE: INTRODUCTION              PAGES

1.1Background of the study 1-3

1.2Statement of the problem  4-5

1.3Research question6

1.4Objective of the study           6

1.5Hypothesis of  the study7

1.6Justification for the study7-10

1.7Scope of the Study8

1.8Operational definition of terms8

CHAPTER TWO: LITERATURE REVIEW

2.1Conceptual Review           9-30

2.1.1      Conceptual Framework31

2.2   Empirical Review32-34

2.3 Theoretical Review 34-40

2.3.1Theoretical Framework 41-42

CHAPTER THREE: METHODOLOGY

3.0    Introduction 43

3.1 Area of Study 43

3.2 Research Design 43

3.3 Population, Sample size and Sampling Techniques 43-44

3.4 Source of Data and Data Collection Method44

3.5 Research Instruments44

3.5.1 Reliability of Instrument and Validity of Instrument 45

3.6 Re-statement of Hypothesis 45

3.7 Method of Data Analysis 45-46

CHAPTER FOUR: DATA PRESENTATION, ANALYSIS AND DISCUSSION OF FINDINGS 

4.1      Data Presentation and Analysis 47-65

4.2      Test of Hypothesis 66-69

4.3     Discussion of Findings  69

CHAPTER FIVE: SUMMARY, CONCLUSION, AND RECOMMENDATION 

5.1     Summary70

5.2     Conclusion 71

5.3      Recommendations71

5.4       Contribution to Knowledge 72

5.5      Limitation of the Study 72

5.6    Suggestion for Further Study72

           Reference             73-77

          Appendices


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