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Internal Control As An Aid To Accountability In The Public Sector.
[A STUDY OF BIASE LOCAL GOVERNMENT AREA, CROSS RIVER STATE]
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1.2 STATEMENT OF THE PROBLEM
Internal control in the recent years has
being singled out for special emphasis. Most of the writers have
written about the evaluation of the efficacy of internal control
measures in public sectors and most often it has been treated as a
problem. Some concentrate on the recording pattern, inventory control
system, segregation of duties, authorization and approval procedures
while some concern themselves with problems of physical checks.
Internal
control is often cited as the root of most problems in public sectors.
Problems of internal control are given as the explanation for failures
and miss-management in public sectors.
Since internal control is the
factor for the survival of public sectors, the researcher wants to
evaluate the efficacy of internal control measures in public sectors.
The researcher also wants to find the factors that contribute to
achieving an effective system of internal control and the problems
facing this. Some of these problems are duplication of functions and
duties, embezzlement of funds, errors of omission and commission, over
staffing, pilferage and stealing as well as wrong reporting of data. Why
do these problems exist? And what is the extent of this problem on the
overall performance of the establishment. More so, the researcher wants
to identify the various criteria for measuring the efficiency and
effectiveness of an internal control system. All these require
investigations, and it is the aim of
this researcher to find out solutions to the above mentioned problems with regards to public sectors.
1.3 STATEMENT OF THE OBJECTIVES
The
local government has evolved into gigantic size and scope, including a
great variety of specialized facilities and technical operations and
numbering villages in tenth has made it impossible for the chief
executive to exercise personal first-hand supervision of operations. He
is no longer able to rely on personal observation as a means of
appraising operational results, the chief executive has of necessity
come to depend upon the units’ heads, head of departments, and a stream
of accounting and statistical reports to control and direct the sector.
The
information made available keeps management informed as to whether the
sectors policy is being executed. It enables the management to know
whether the governmental regulations are being observed and whether
financial position is sound for accountability.
Therefore the objectives of this study include:
1. To find out the rate of the application of a system of internal control in Biase local government area, cross river state.
2. To advice the public sectors on the findings for improvement.
3.
To add to the existing knowledge of internal control as an aid to
accountability as well as to make necessary suggestions, for the
interest of the government that finances the sector.
4. To make
reasonable suggestions on the best way of achieving a good internal
control as a way of controlling cost and safeguarding assets, aimed at
proper accountability of public funds.
5. To identify the likely factors that impedes efficient internal control measures.
6.
To make general and specific recommendations, this in the researchers
view will make internal control to aid accountability in the public
sector.
1.4 RESEARCH QUESTIONS
The following questions were used among other primary data for proper completion of the study;
1. Does internal control provide desired effect or result in public sectors?
2. Does internal control provide appropriate segregation of functional responsibilities?
3.
Does internal control provide a system of authorization and record
procedures adequate for reasonable accounting control over assets,
liabilities, revenue and expenses?
4. Does internal control provides a sound accountability of records in the sector
5. Does internal control provide sound practices to be in performance of duties and functions of each organizational department?
6. Does internal control provide for preventing and detecting embezzlement, fraud and errors?
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTIn this study internal control as an aid to accountability in the public sector was researched on using Biase local government area, cross river state as the case study. The major objective of the study was to find out and understand how internal control aids accountability in the public sector and to explain those relevant topics, which will enable any reader to understand and appreciate the important of how internal control aids accountability. Questionnaires were constructed for the p ... Continue reading---
