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Effective Internal Control Measures As Tools For Transparency, Probity And Accountability In The Management Of Public Resources
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CHAPTER ONE
INTRODUCTION
1.1BACKGROUND OF THE STUDY
The need
for effective internal control measures as tools for transparency,
probity and accountability in the management of public resources cannot
be over emphasized. This starts from the fact that right from the
creation of the world, means in-seniority cannot be compromised. As a
result of that, there is need to make rules or laws guiding financial
management or internal control for proper discharge of responsibilities.
Thus,
internal rules and regulations, financial laws, constitutions, criminal
coders, audit Act of 1958, appropriate Act, treasury circulars and
Audit circulars, represent steps forwards in trying to control man’s
management of public resources.
Corruption in Nigeria has
earned for itself official recognition. The level of corruption has
become so alarming that Nigeria’s reputation is being denoted abroad.
This informs the reasons for the formation of anti-corruption Act by the
present government headed by president Olusegun Obasanjo whose seal on
the issue assisted in the early drafting of the anti-corruption will
which later passed into law, having gone through the legislative
process. The law to be cited as prohibition and punishment of bribery,
corruption and other related offences act is meant to curb all forms of
social, economic, politically corruption that has continually (hinder
the growth of the ratio undermine public accountability, transparency
and probity in the management of public resources.
The act is to be
implemented through independent corrupt practices and Allied offences
commission to be headed and composed of men and women of high integrity
and transparent honesty to be appointed by the president, subject to the
approval of the relational Assembly. However, experience in the past
has shown that more often than not, those entrusted with the duty of
enforcing or preserving any state law break and undermine such laws.
This has been described as ‘Nigerian†factor?
The installation of an
efficient internal control mechanism into the public sector management
are important steps assuring the general public the accountability and
transparency of public officials for their stewardship as custodians of
public resources.
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ABSRACT - [ Total Page(s): 1 ]The research work (Effective internal control measures as tools for probity, Transparency and accountability in the management of public resources) will identify the problems that lead to frond and mismanagement of public resources in local Government(s) The main objective of this project is to evaluate the role played by the management in resolving the inadequacy of internal control towards the achievement of planned objectives. The methodologies that will be adopted for the research are: self- ... Continue reading---
