What chapters are covered in this Accounting project?

Approval page ii Certification iii Dedication iv Acknowledgment v Abstract vii List of tables’ xi CHAPTER ONE: INTRODUCTION 1.1 Background of the study 4 1.2 Statement of the study 5 1.3 Statement of the objectives 6 1.4 Research questions 6 1.5 Research hypotheses 7 1.6 Significance of the study 8 1.7 Scope of the study 9 1.8 Limitation

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The challenges of internal audit function-in-the-nigerian-public-sector

The challenges of internal audit function-in-the-nigerian-public-sector

Approval page ii Certification iii Dedication iv Acknowledgment v Abstract vii List of tables’ xi

Chapter ONE

INTRODUCTION

1.1Background of the study 4
1.2Statement of the study 5
1.3Statement of the objectives 6
1.4Research questions 6
1.5Research hypotheses 7
1.6Significance of the study 8
1.7Scope of the study 9
1.8Limitations of the study 9
1.9Definition of terms 9

Chapter TWO

LITERATURE REVIEW

2.1Introduction 12
2.2Organizational structure of ministry of finance 14
2.3Definition of auditing 15
2.4Types of auditing 16
2.5Meaning of internal audits 17
2.6Meaning of internal control 18
2.7Meaning of internal check 20
2.8Objective and purpose of internal audit 21
2.9Qualities required of an auditor 23
2.10Elements of internal audit 25
2.11Scope of internal audit 27
2.12Duties and responsibilities 28
2.13Role of internal audit in the Nigerian public sector 29
2.14Challenges of internal audit 30
2.15Factors responsible for the problem of internal 32

Chapter THREE

RESEARCH METHODOLOGY

RESEARCH METHODLOGY
3.1Research design 34
3.2Sources of data 35
3.3Area of the study 36
3.4Population of the study 36
3.5Determination of population size 37
3.6Reliability Test 39
3.7Validity test 39
3.8Method of data collection 39
3.9Techniques for data analysis 40

Chapter FOUR

DATA PRESENTATION AND ANALYSIS

PRESENTATION OF DATA, INTERPRETATION AND ANALYSIS OF DATA
4.1Presentation of data 42
4.2Test of hypotheses 55
4.3Discussion of findings 68

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.1Summary of findings 70
5.2Conclusion 71
5.3Recommendations 71 Bibliography 73 Appendix 75LIST OF TABLESTable
4.1Shows questionnaire administered Table 4.
1.2Analysis to know if the internal auditunit exists in the ministry Table 4.
1.3Analysis to show the degree of independenceof the auditor Table 4.
1.4Analysis to show in impact of internal audit function in the ministry Table 4.
1.5Analysis to know the challenges internal audit unit faces Table 4.
1.6Analysis to show that sound academic knowledge in accounting is essential for effective performance Table 4.
1.7Analysis to know the level of efficient performance on financial audit in the public sector Table 4.
1.8Analysis to show the performance on quality assurance Table 4.
1.9Analysis to show the inadequacy of internal control system Table 4.
1.10Analysis to know the level of co-operation between internal audit unit and other departments Table 4.
1.11Analysis to show lack of proper segregation of duties Table 4.
1.12Analysis to show the non-implementation of routine audit report Table 4.
2.1Table showing computed value of Z Hypothesis 1 Table 4.
2.2Table showing computed value of Z Hypothesis 2 Table 4.
2.3Table showing computed value of Z Hypothesis 3

Project Abstract

This research work deals with the challenges of internal audit function in the Nigerian public sector with reference to Kaduna state ministry of finance. Internal auditing is a process generally adopted towards ensuring and safeguarding of resources and promoting operational efficiency in organization. The objective of this study has been to evaluate the internal control system in the Nigerian public sectors, to ascertain the non- implementation of routine audit report and the lack of proper segregation and assignment of duties. In recent times, a combination of forces has led to a quiet revolution in the profession. Government moving towards democracy must demonstrate accountability in the use of public money and efficiency in the delivery of service. In many cases internal control system are weak, staffs are poorly paid making them unmotivated, coupled with non-implementation of routine audit report by appropriate authorities. The Responses from staffs were analyzed using relevant statistical tools from which three hypothesis were formulated and tested using Z-test statistics, while questionnaire were analyzed in tabular form using simple percentage. It was discovered that the internal audit is facing a lot of challenges which includes inadequate staffing, lack of independence, lack of facilities to carry out audit function and also poor funding. As a result of some of these challenges the effectiveness of the internal audit in the Nigerian public sectors, has been hindered as well as the organizational change it can bring to its environment. I recommend that for internal audit to be effective, it must be a completely independent group, adequately funded and equipped with qualified internal auditors as well as sufficient opportunities for internal auditors to become qualified.

Project Overview

<div>INTRODUCTIONThe Kaduna state ministry of finance started when the country was pre-independent in 1958 during the northern region, the ministry of finance is the custodian of public fund and stores and is therefore essentially a controlling ministry as opposed to other executing agencies of the government. The ministry is headed by a commissioner as the chief executive officer and deputized by the permanent secretary who is a carrier and servant and is the chief officer of 145 staff including accounting officers on monthly basis.</div><h3></h3>

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