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CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY 1.1       THE NEED FOR ACCOUNTABILITY IN PUBLIC SECTOR At, the onset of the oil boom in the 1970’s, many were convinced that the era of scarcity has given way to abundant resources. A major problem was how to plan for the societies to be confronted with the vast increases in material wealth and leisure. The national priorities shifted rapidly as Nigerians embrace the ...

CHAPTER ONE INTRODUCTION 1.1     AN OVERVIEW ACCOUNTABILITY This is now a national issue. The increasing incidence of fraud and misappropriation of funds and property by Accounting officers and chief executive in the public sector of the Nigeria economy pose pertinent question as to whether auditing plays any significant role towards ensuring proper accountability and judicious use of fund set aside for various purposes and corporate objectives. Some programmers and activities organized ...

ABSTRACT The scope of governmental auditing has been widened over the year by the demand for independent verification of information to the extent that it can no longer be limited to the audit of financial operations, but value for money audit which ensures that the activities and programs are carried out at low cost and high standard. Lack of commitment in cost efficiency to the overall achievement of goals by ...

CHAPTER ONE INTRODUCTION Auditing is an independent checking, investigation, examination and expression of the books of accounts and vouchers of a business enterprise with a view to enable the appointed auditor to report whether the trading, profit and loss accounts and balance sheet are properly drawn up so as to show a true and fair view of the state of affairs and the profit or loss of the business according ...

CHAPTER ONE BACKGROUND OF THE STUDY 1.1    INTRODUCTION The public sector is a part of the economy whose activities are under the control and direction of the government. These include civil service, statutory corporation and other government – controlled enterprises which provide public utility service. In public sector, accountability and transparency is a collective responsibility but every body cannot be “watch dogs or whistle blowers”. Rather the laws empower certain ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY History has it that the concept of accountability of public funds dates backs to the history of ancient Greece.  As old as theory is, it would not be erroneous to say that the idea has been equally lost to antiquity although not much is known about it, this makes the subject, government accounting to remain a myth. Accounting in the public sector ...

ABSTRACT This study focus on the accounting for pension and gratuity in public sector. A vivid study of Enugu state civil service. The study is trying to look into how the problem of Governmental unit in Nigeria in paying retirement benefits can be solved. The processing and payment of such benefits in the public sector is also the recognition that this situation is not going to be an easy one ...

ABSTRACT The study examined advertising as a tool for increasing sales in an organization (A case study of John Holt Ventures Ltd).  The research was earned out to ascertain the extent of advertising as a tool for increasing sales. In order to solve the research problem, four hypothesis were formulated. The population studied in this research comprised of customer, distributes and relevant management staff of John Holt Ltd and their were ...

CHAPTER ONE 1.0  INTRODUCTION/ BACKGROUND OF THE STUDY 1.1     THE NEED FOR ACCOUNTABILITY IN PUBLIC SECTOR At, the onset of the oil boom in the 1970’s, many were convinced that the era of scarcity has given way to abundant resources. A major problem was how to plan for the societies to be confronted with the vast increases in material wealth and leisure. The national priorities shifted rapidly as Nigerians embrace the ...

ABSTRACT Nowadays, we are faced with the problem of poor management of funds and embezzlement of funds by officers in the public sectors of the country. The topic “auditing as an aid to accountability” was deliberately chosen by the researcher to address the problem of embezzlement and misappropriation of public fund. This research is directed towards finding the reliability of auditing as an aid to accountability. Chapter one serves as ...

ABSTRACT There appears to be little doubt about the fact that frauds in banks is a matter of the greatest concern to bankers, the monetary/political authorities and the generality of Nigerians today.  It is so for many reasons.  The methods acquire sophistication by the day.  The size increase in geometric progression.  The people involved hitherto were among the respectable members of the church, the mosque, the community.  Fraud leads to unwarranted losses for the banks ...

PROPOSAL The object of this study is to find out how relevant accountability is to our nation Nigeria. Accountability in public administration refers to produce in financial and material management of scare resources for the general welfare of the citizens. However; lack of accountability and improper accounting by our public officers has presented a big blow to the economy. In this work, much emphasis will be laid on the need ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Auditing has existed as long as man has been required to account for their transactions. A famous example is in St. Mathew’s Gospel (Chapter 25) when the rich man went on a journey and delivered his goods to a servant to look after them while he was away. On his return, he asked each of these servants to account for the goods ...

INTRODUCTION 1.1 BACKGROUND OF THE STUDY Auditing has existed as long as man has been required to account for their transactions. A famous example is in St. Mathew’s Gospel (Chapter 25) when the rich man went on a journey and delivered his goods to a servant to look after them while he was away. On his return, he asked each of these servants to account for the goods with which ...

ABSTRACT The scope of governmental auditing has been widened over the year by the demand for independent verification of information to the extent that it can no longer be limited to the audit of financial operations, but value for money audit which ensures that the activities and programs are carried out at low cost and high standard. Lack of commitment in cost efficiency to the overall achievement of goals by ...

CHAPTER ONE 3.0      INTRODUCTION One on the ultimate means of evaluating the performance of a public sector can be attributed to budget or budgetary control. Most managers planning and control to determine the goals and objectives of an organization is geared towards accomplishing all activities of the organization to achieve its desired goals. In other words, to ensure that the company will make a projection of its cost and revenue (budget) ...

CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY The main objective of writing this project “on the evaluation of financial management in the federal inland revenue service” is to bring to the notice of the readers the source from which government derived its revenue and how its expenditure controlled and also to identify the evaluation of financial  abuse in the federal inland revenue service and some control measure which the government ...

INTRODUCTION In public sector accounting, Resources Accounting (RA) is the application of accruals accounting for reporting on the expenditure of the government and a framework for analyzing expenditure by departmental aim and objectives, relating these to outputs where possible.  The public sector is more and more affected by significant reforms in the public accounting system in the international context. The aim of the public sector reforms is to overcome bureaucratic ...

CHAPTER ONE INTRODUCTION 1.1    BACKGROUND OF THE STUDY For the purpose of fiscal accountability, there is first of all the auditor general whose position, powers, the security of tenure; impartiality and independence are guaranteed by the constitution. It is his duty, through to regular auditing of accounts, to ensure that government department/parastatal and other public establishments spend funds appropriated for them in a proper manner, for the purpose for which the ...

CHAPTER ONE BACKGROUND OF THE STUDY The main objective of writing this project “on the evaluation of financial abuse in the federal inland revenue service” is to bring to the notice of the readers the source from which government derived its revenue and how its expenditure controlled and also to identify the evaluation of financial  abuse in the federal inland revenue service and some control measure which the government can ...