Financial resource management in the Nigerian public sector: policy measures to address loopholes

Despite concerted efforts made by successive government administrations in Nigeria to eliminate or better still minimize the menace of fraud, embezzlement, misappropriation of funds, inflation of contract prices, payment of salaries to ghost workers etc., it seems as if the challenge is far from being over. It is believed that the implementation of effective and efficient financial control systems may result in better performance, accountability, and better reporting process in the public sector. This study aims to assess the effectiveness of financial control in the public sector of Nigeria using Akoko South-West Local Government Area (ASWLGA) as a case study. The study employed both descriptive and econometric analytical methods to achieve the stated objectives. Specifically, the hypotheses were tested using regression analysis based on the primary data collected. The study revealed that the level of financial control in ASWLGA is adequate and capable of reducing financial misappropriation and that financial control is also cost-effective. However, there is a need for regular review of the financial control system in order to boost the effectiveness of the public sector.

Download Full-text

An Applied Valuation of the Association among Internal and External Auditors

International Journal of Science and Management Studies (IJSMS) ◽

10.51386/25815946/ijsms-v1i4p115 ◽

2018 ◽

pp. 122-129

Author(s):

Dr. Alhassan Haladu ◽

Mohammed Haliru Beri

Keyword(s):

Public Sector ◽

Internal Control ◽

Primary Data ◽

Internal Auditor ◽

Face To Face ◽

External Auditors ◽

The Public ◽

Internal Control System ◽

External Auditor

The study examines the cooperation between internal and external auditors in discharging duties and upholding organizational objectives. The aim is to know how the internal auditor relates with the external auditor once appointed and especially during the process of carrying out his/her duties. To achieve this primary data was collected through face-to-face interview from Mike Ukueje & Co. which is the case study of this research. The result showed that both the internal auditor and external auditor work in the interest of the organization through emphasis on the internal control system even though they are guided in their duties by the articles of association (internal auditor) and CAMA 2004 (external auditor). In the private sector external auditors are welcome whole heartedly by their internal counterpart, while in the public sector they are treated with suspicion and prejudice. For this reason it is advisable to enlighten the public sector more on the responsibilities of the external auditor.

Download Full-text

ASSESSMENT OF THE GOVERNANCE PRACTICES IN PUBLIC SECTOR: CASE STUDIES OF MALAYSIAN FEDERAL GOVERNMENT AGENCIES

Journal of Governance and Integrity ◽

10.15282/jgi.2.2.2019.5472 ◽

2020 ◽

Vol 2 (2) ◽

pp. 45-52

Author(s):

Siti Zabedah Saidin ◽

Mu’azu Saidu Badara ◽

Aidi Ahmi

Keyword(s):

Public Sector ◽

Case Studies ◽

Good Governance ◽

Annual Reports ◽

Primary Data ◽

Group Discussions ◽

Case Study Analysis ◽

The Public ◽

Governance Practices

The objective of this study is to discover the good governance practices in the public sector entities by assessing ten good governance dimensions following the international best governance practices guidelines. This study is based on a case study analysis of six public sector entities using a content analysis of the annual report. From the case studies analysis, it shows that all the dimensions in the international public sector governance best practices are being practiced by the federal statutory bodies in Malaysia. Though this paper provides some useful insights into governance practices among public sector entities, it is limited to case studies on six federal statutory bodies and the non-financial information in the annual reports only. This study might give more impact if primary data were used through focus group discussions and interviews with key governance players in the public sector.

Download Full-text

Pengaruh Ketepatan Anggaran, Sistem Pengendalian Manajerial Sektor Publik, dan Sistem Pelaporan Terhadap Akuntabilitas Kinerja

E-Jurnal Akuntansi ◽

10.24843/eja.2020.v30.i05.p03 ◽

2020 ◽

Vol 30 (5) ◽

pp. 1099

Author(s):

Bella Puspita Rininda ◽

Erina Sudaryati

Keyword(s):

Public Sector ◽

Control Systems ◽

Reporting System ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Managerial Control ◽

The Public ◽

Performance Accountability ◽

Reporting Systems ◽

And Control

The purpose of this research is to examine and analyze the influence of the precision it managerial control systems, public sector, and reporting systems that allegedly influenced the performance accountability. The sample of this research was an employee of SKPD Tanah Laut Regency selected by using Purposive Sampling method with the total number of respondents as many as 81 people. The data collection of this research is used the questionnaires instrument. The data collected was analyzed by multiple linear regression analysis. The results of this research indicate that the accuracy and control systems of managerial accountability to public sector performance. However, the reporting system does not influence on performance accountability in SKPD Tanah Laut Regency. Keywords: Accountability For Performance; It Managerial Control Systems; The Accuracy Of The Public Sector; The Reporting System.

Download Full-text

FRAUD PADA SEKTOR PEMERINTAH BERDASARKAN FAKTOR KEADILAN KOMPENSASI, SISTEM PENGENDALIAN INTERNAL, DAN ETIKA ORGANISASI PEMERINTAH (Studi Empiris Dinas Pemerintah Provinsi DKI Jakarta)

Jurnal Magister Akuntansi Trisakti ◽

10.25105/jmat.v1i2.4938 ◽

2014 ◽

Vol 1 (2) ◽

pp. 199

Author(s):

Sulastri Sulastri

Keyword(s):

Public Sector ◽

Control Systems ◽

Internal Control ◽

Good Governance ◽

Sampling Technique ◽

Provincial Government ◽

Primary Data ◽

The Public ◽

The Government ◽

Government Ethics

This study discusses the fraud in the government sector especially Provincial Government of DKI Jakarta by three factors, there are the fairness of compensation, internal control systems, and organization of government ethics. In addition to discussing the factors that influence the occurrence of fraud in the public sector, this study also discusses appropriate strategies in response to the fraud problem. The population in this study is the Province Government of DKI Jakarta, while the sample is Office of the Province Government of DKI Jakarta. Sampling technique with Proportionate Stratified Random Sampling and hypothesis testing using SPSS. The data used in this study is primary data, through questionnaires distributed to civil servants working in the Office of the Province Government of DKI Jakarta. The results showed that there is an influence of all three factors, namely fairness of compensation, internal control systems, and organization of government ethics to fraud in the public sector when tested simultaneously. Where as if partially tested, only the fairness of compensation and internal control systems that have an impact on fraud, while organization of government ethics not. The research recommends to overcome fraud all problems with develop combined strategy of repressive and preventive for every level of organization, to provide effective compensation, and to implement good governance in the organization.

Download Full-text

Conflict dissolution in the public sector: A case-study

European Journal of Operational Research ◽

10.1016/s0377-2217(00)00037-0 ◽

2001 ◽

Vol 130 (2) ◽

pp. 388-401 ◽

Cited By ~ 38

Author(s):

Carlos A. Bana e Costa ◽

Fernando Nunes da Silva ◽

Jean-Claude Vansnick

Keyword(s):

Public Sector ◽

The Public

Download Full-text

Grey Clustering Evaluation for the Cooperation Efficiency of PPP Project: Taking Beijing Metro Line 4 as an Example

Mathematical Problems in Engineering ◽

10.1155/2019/8232731 ◽

2019 ◽

Vol 2019 ◽

pp. 1-13 ◽

Cited By ~ 2

Author(s):

Hui Sun ◽

Yingzi Liang ◽

Yuning Wang

Keyword(s):

Public Sector ◽

Private Sector ◽

Evaluation Model ◽

Evaluation Index System ◽

The Public ◽

Clustering Model ◽

Grey Clustering ◽

Public Products ◽

Infrastructure Project

PPP model is an important model which provides public products or services based on the coordination between the public sector and private sector. The implementation of PPP model is helpful for relieving the stress of insufficient funding for public sector and improving the efficiency of resource allocation. Comparing with traditional infrastructure project, PPP project involves many stakeholders, and the cooperation efficiency during the different stakeholders impacts the results of the project directly. Thus, it is important to explore the cooperation efficiency of PPP project. Based on grey clustering model, this paper evaluates the cooperation efficiency of PPP project. An evaluation index system including 36 indexes is established based on the aims and objectives of three stakeholders (public sector, private sector, and passengers). A case study of Beijing Metro Line 4 PPP project is implemented to verify the validity and applicability of the evaluation model. And the results showed that the cooperation efficiency of Beijing Metro Line 4 PPP project is relatively high. The model also provided insights into the shortage of the cooperation efficiency of Beijing Metro Line 4 PPP project. As such, the results can assist all stakeholders in adjusting the cooperation efficiency.

Download Full-text