Public Sector Audit, Transparency and Good Governance on Financial Accountability of Public Sector Entities in Rivers State, Nigeria

This study investigated the effects of public sector audit, good governance and financial transparency on financial accountability of twenty – six (26) ministries in the Rivers State Civil Service. The study employed cross sectional survey research design. The population consisted of twenty – eight ministries and the Taro Yamene model was used for sample size determination while simple random sampling was employed. The study used primary and secondary sources of data collection. Questionnaire was the primary source of data collections after the application of content and face validity while Cronbach alpha was employed to test the reliability of the instrument. The dependent variable was financial accountability index while the independent variables consisted of financial audit index, performance audit index, compliance audit index, good governance index and financial transparency index. The responses obtained from the questionnaire were analysed with univariate, bivariate and multivariate analysis. The multiple regression analysis suggested that there is a positive and significant relationship between financial audit index, performance audit index, compliance audit index, good governance index and financial transparency index on accountability in public sectors in Rivers State. The study concluded that public sector audit, good governance and financial transparency promote financial accountability in the Nigerian public sector. Therefore, the following recommendations were provided amongst others that The Accounting Officers in government Ministries, Department and Agencies (MDA) should carry out government business in accordance with accountability, transparency, effectiveness and efficiency, responsiveness, forward vision and rule of law for the welfare of the citizens.

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Public financial control in Ukraine: state, problems, prospects

Economic Annals-ХХI ◽

10.21003/ea.v187-16 ◽

2021 ◽

Vol 187 (1-2) ◽

pp. 163-176

Author(s):

Hryhorij Kaletnik ◽

◽

Nataliya Zdyrko ◽

Keyword(s):

Good Governance ◽

Financial Control ◽

State Budget ◽

The Public ◽

Current State ◽

Financial Audit ◽

Compliance Audit ◽

Performance Audit ◽

Definition Of ◽

And Control

The authors assess the current state of public financial control in Ukraine, identifies its main problematic aspects and suggests ways to solve them. There is a direct interdependence between increasing the level of corruption and weakening the effectiveness of public financial control. Forms and types of public financial control are considered depending on controlling subjects. The authors identify forms of public sector audit according to the ISSAI standards which include financial audit, performance audit and compliance audit. The paper touches upon the necessity of legislative introduction of audit of conformity with the corresponding definition of the purpose, tasks, subjects, objects, methods and procedures. It is proposed to implement the Standard for Auditing the Compliance of Public Resources, which will define general provisions, principles and criteria of compliance audit, as well as the procedure for planning, directions, methods and control points in its implementation, generalization and implementation of results. The main generalized indicators of activity of the Accounting Chamber in the period between 2009 and 2019 are presented and the basic trends in the development of the public financial control are covered. It characterizes the number of inspected objects, prepared reports, the volume of detected violations, the number of relevant response documents and the amount of estimated funding. The structure of identified violations in the main areas includes violations of the budget legislation, inefficient management of funds and violations of the administration of the revenue side of the state budget. The basic criteria for carrying out performance audit are defined and their analytical assessment is provided. The main directions of improvement of the public financial control with the use of key characteristics of the concept of good governance are offered, the fundamentals of which include the rule of law, equality, inclusiveness, efficiency, transparency and accountability. It is recommended to introduce and use a unified report on budget offenses, which will facilitate communication between regulatory authorities and allow for receiving, processing and storeing large amounts of information on the results of auditing.

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MODEL AUDIT PEMERINTAHAN YANG MEMPUNYAI IMPLIKASI TERHADAP KUALITAS AKUNTABILITAS KEUANGAN INSTANSI PEMERINTAH DAERAH

Media Riset Akuntansi Auditing & Informasi ◽

10.25105/mraai.v9i2.725 ◽

2009 ◽

Vol 9 (2) ◽

pp. 1

Author(s):

Dadang Sadeli

Keyword(s):

Local Government ◽

Government Agency ◽

Equation Modeling ◽

Survey Method ◽

Financial Accountability ◽

Financial Audit ◽

Performance Audit ◽

Audit Performance ◽

Government Audit

The research studies and examines about government audit model and implication on quality of local government agency financial accountability. The study was conducted by survey method. The size of samples was 150 official local Municipal Government and Regency's official offices in West Java Province area. The analysis method used in this research was descriptive analysis with the analysis tool using the Structural Equation Modeling (SEM).Rresearch findings: (1) accomplishment of government audit may significantly be explained by financial audit, performance audit, and investigation audit, (2) quality of local government agency financial accountability significantly may be accounted for by financial accountability containing a financial responsibility in keeping with government program and activity, financial accountability containing financial performance evaluation, financial accountability that was built on the basis of reliable information system, objective and independent evaluation on financial accountability, follow-up of assessment report on financial accountability, (3) implementation of government audit has implication on quality of local government agency financial accountability.Keywords: government audit, financial audit, performance audit, and investigation audit, and quality of local government agency financial accountability.

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Performance Audit: A Tool for Fighting Corruption in the Nigeria’s Public Sector Administration

International Journal of Management and Sustainability ◽

10.18488/journal.11/2014.3.6/11.6.374.383 ◽

2014 ◽

Vol 3 (6) ◽

pp. 374-383

Author(s):

Sunny Agbo ◽

Jude A Aruomoaghe

Keyword(s):

Public Sector ◽

Good Governance ◽

Financial Resources ◽

Effective Management ◽

Audit Report ◽

Fiscal Transparency ◽

Efficiency And Effectiveness ◽

Pearson's Correlation ◽

Performance Audit ◽

Transparency And Accountability

The efficient and effective management of financial resources forms the basis for achieving good governance. In achieving the good governance, fiscal transparency and accountability must be ensured. Performance audit provides the platform to determine if the resources are being managed with due regard for economy, efficiency and effectiveness and that accountability requirements are being met reasonably. This study looks at performance audit as a tool for fighting corruption in Nigerian public sector administration. Questionnaires were distributed and analysed using the Pearson’s correlation co-efficient and we discovered that performance audit could be an effective tool in curbing corruption. It was suggested that performance audit report should be made public and stringent punishment should be melted on offenders to serve as deterrent to others.

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Possibilities of Performance Audit to Increase the Transparency of Activities in the Municipality

Socialiniai tyrimai ◽

10.15388/soctyr.44.1.4 ◽

2021 ◽

Vol 44 (1) ◽

pp. 53-76

Author(s):

Laima Liukinevičienė ◽

Audra Jokubauskienė

Keyword(s):

Public Sector ◽

Good Governance ◽

Control Function ◽

Evaluation Criteria ◽

Evaluation Process ◽

Theoretical Concept ◽

Transparency International ◽

Expert Interview ◽

Performance Audit ◽

Audit Reports

The article analyzes the implementation of the transparency principle in implementing the performance audit in the municipality. The performance audit is qualified as a specific control function in order to objectively assess the functionality of public sector entities in terms of economy, efficiency and effectiveness, initiating operational and governance advancement. It is important to investigate this object in municipalities due to the following factors: 1) according to the assessment of the transparency of Lithuanian municipalities published in 2019 by “Transparency International” of the Lithuanian branch, municipalities have become more transparent as well as the recommendations were provided to municipalities; 2) Recent research conducted in foreign countries shows broader audit opportunities for initiating positive change in organizations. The aim of the research: having established the principle of transparency as one of the most important indications of good governance, to provide for the possibilities of increasing the transparency of municipal activities during the performance audits. Research methods: analysis of scientific literature, the content of documents, qualitative analysis of the expert interview and the content of the material collected during it, and categorization.The analyzed sources show how during these two decades of developing the theoretical concept of good governance the importance of the principle of transparency has grown, it has become one of the most important features of good governance; the concept of implementing transparency in public sector organizations has developed as well. Today, the principle of operational transparency is implemented both through strictly formalized government activities and by involving citizens in public governance that requires much honesty, competencies and non-traditional solutions of civil servants. How can a performance audit contribute to this? In order to gain new insights, experts were interviewed: researchers and practicians. Recommendations from external evaluators on transparency in municipalities were used to develop the guidelines for the expert interviews. The research revealed that in municipalities it is important to create greater opportunities for the citizens to participate in monitoring and involvement in decision-making. The directions for increasing the transparency of municipal activities through performance audits that have been highlighted by experts are as follows: 1) periodic performance transparency audits by including constantly updated performance transparency criteria in the audit; 2) creation of a non-corruption organization; 3) increasing the transparency of budgeting and implementation; 4) submission of budget reports with audit conclusions; 5) attention to the clarity of the content of audit reports, diversity of accessibility; 6) periodic monitoring of the effectiveness of audit findings; 7) integration of audits of social responsibility activities into other forms of performance evaluation, thus not increasing the number of audits but seeking greater integration of the principle of transparency. The experts proposed transparency evaluation criteria that can be easily integrated into the evaluation process.

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Measuring the Governance in Pakistan: An Introduction to KU Index // Mjeрeњe упрaвљaњa у Пaкистaну: Представљање KU индекса

ACTA ECONOMICA ◽

10.7251/ace1421023a ◽

2014 ◽

Vol 12 (21) ◽

pp. 23

Author(s):

Rana Ejaz Ali Khan ◽

Shafqut Ullah

Keyword(s):

Public Sector ◽

Good Governance ◽

National Level ◽

Environmental Indicators ◽

Socioeconomic Indicators ◽

Five Dimensions ◽

Public Sector Reforms ◽

Governance Index ◽

Numeric Estimation ◽

Political Economic

Summary: The governance at the national level has commonly been measured as poor or good governance by researchers in the area of public sector reforms. They have rarely attempted the numeric estimation of the concept but used different socioeconomic indicators as proxies. Governance is a multidimensional concept that cannot be accurately elaborated by a single indicator. In the literature there exists a gap for gauging the governance in the form of an index. The current study has attempted to ameliorate different dimensions of governance by including forty two social, political, economic, demographic and environmental indicators. These indicators are firstly merged into thirteen sub-dimensions and then into five dimensions. The dimensions have been transformed in to governance index. The trend of the index shows that governance has not only progressed very slowly but it remained desperate in the study period. The contribution of this study is to provide governance index named KU index for Pakistan in annual time series for the years 1980-81 to 2010-2011. The index explained the level of governance in different eras and is ultimately connected with public sector reforms. It can be used by researchers as an explanatory factor for various political, socioeconomic and regional strategic phenomenon. Furthermore, the criterion of estimation of governance may be adopted for other economies and comparative analysis may be done.Рeзимe: Упрaвљaњe нa нaциoнaлнoм нивoу je oбичнo oцjeњивaнo oд стрaнe истрaживaчa у oблaсти рeфoрми jaвнoг сeктoрa кao дoбрo или лoшe. Oни су риjeткo пoкушaвaли нумeричку прoцjeну кoнцeптa, вeћ су кoристили рaзличитe сoциo-eкoнoмскe пoкaзaтeљe кao приближнe вриjeднoсти. Упрaвљaњe je мултидимeнзиoнaлни кoнцeпт кojи сe нe мoжe прeцизнo oбjaснити сaмo jeдним индикaтoрoм. У литeрaтури пoстojи jaз у мjeрeњу упрaвљaњa у oблику индeксa. Tрeнутнa студиja je пoкушaлa ублaжити рaзличитe димeнзиje упрaвљaњa укључуjући чeтрдeсeт двa друштвeнa, пoлитичкa, eкoнoмскa, дeмoгрaфскa и eкoлoшкa пoкaзaтeљa. Oви пoкaзaтeљи су првo спojeни у тринaeст пoддимeнзиja и oндa у пeт димeнзиja. Димeнзиje су прeтвoрeнe у индeкс упрaвљaњa. Tрeнд индeксa пoкaзуje дa je упрaвљaњe нe сaмo нaпрeдoвaлo врлo спoрo, вeћ je билo лoшe у пoсмaтрaнoм пeриoду. Дoпринoс oвe студиje je oмoгућити индeкс упрaвљaњa пoд нaзивoм KU индeкс Пaкистaнa зa гoдишњe пeриoдe: 1980-1981. и 2010-2011. Индeкс je oбjaсниo нивoe упрaвљaњa у рaзличитим пeриoдимa, тe je пoвeзaн с рeфoрмaмa jaвнoг сeктoрa. Moжe сe кoристити oд стрaнe истрaживaчa кao oбjaшњaвajући фaктoр зa рaзнe пoлитичкe, друштвeнo-eкoнoмскe и рeгиoнaлнe стрaтeшкe фeнoмeнe. Нaдaљe, критeриjум прoцjeнe упрaвљaњa мoжe бити усвojeн зa другe eкoнoмиje и мoгу сe урaдити кoмпaрaтивнe aнaлизe.

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Reporting and Follow-Up Recommendations for Performance Audit in Sai in the Republic of Serbia

Economic Themes ◽

10.2478/ethemes-2020-0007 ◽

2020 ◽

Vol 58 (1) ◽

pp. 117-129

Author(s):

Aleksandar Popović

Keyword(s):

Regulatory Compliance ◽

The Public ◽

State Audit ◽

Financial Audit ◽

Compliance Audit ◽

Performance Audit ◽

Performance Auditing ◽

The Republic ◽

Audit Approach

AbstractDevelopment of an integrated audit approach in state auditing enabled, in addition to financial audit and audit of regulatory compliance, audit of the public sector’s entities performance at the same time. Thus performance audit (success, value-for-money) gets primacy within the scope of activity of the supreme audit institutions. The goal of such an activity is to point to the development and importance of auditing effectiveness in the State Audit Institution (SAI) in the Republic of Serbia, emphasising reporting on performance auditing, detected irregularities in the use of budgetary resources and recommendations made to the public sector entities by SAI, as well as following them up for the purpose of more effective management and use of state property and state funds.

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The Reporting Entity in Private-Public Accounting Harmonisation. Is Control Enough for the Local Government Consolidated Financial Statements?

FINANCIAL REPORTING ◽

10.3280/fr2017-001001 ◽

2017 ◽

pp. 5-29 ◽

Cited By ~ 4

Author(s):

Cristian Carini ◽

Laura Rocca ◽

Claudio Teodori ◽

Monica Veneziani

Keyword(s):

Public Sector ◽

Local Government ◽

Accounting Standards ◽

Financial Statements ◽

Consolidated Financial Statements ◽

The Public ◽

Financial Accountability ◽

Public Sector Accounting ◽

Definition Of ◽

Reporting Entity

The European Commission initiated a discussion on the expediency of using the International Public Sector Accounting Standards (IPSAS), based on the IAS/IFRS, as a common base for harmonizing the public sector accounting systems of the member states. However, literature suggests that accounting is not neutral with respect to the economic, social and political dimensions. In the perspective of evolution of the accounting regulation outlined, balanced between accountability, with the need to represent phenomena for reporting pur-poses, and decisionmaking issues, which concentrates on the quantitative importance of the values, the paper aims to analyse the effects of the application of different criteria for the definition of the reporting entity of the local government consolidated financial statements (CFS). The Italian PCA 4/4, the test of control and the financial accountability approaches are examined. The evidence that emerged from the case studies examined identifies several criticalities in the Italian PCA 4/4 and support the thesis that the financial accountability approach is more effective in providing a complete representation of the public resources entrusted to and managed by the group, whereas the control approach better approximates quantification of the group results in terms of central government surveillance. The analysis highlights the importance of the post implementation review period and the opportunity to contextualize the adoption of the consolidated financial statement in the broader spectrum of the accounting harmonization process, participating in the process of definition of the European Public Sector Accounting Standards (EPSAS).

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Comparing The Principalship of Madrasah and Sekolah in The Decentralization Era

International Conference of Moslem Society ◽

10.24090/icms.2016.1823 ◽

2016 ◽

Vol 1 ◽

pp. 24-35

Author(s):

Saefudin A Safi'i

Keyword(s):

Public Sector ◽

School Leadership ◽

Policy Development ◽

Central Government ◽

Good Governance ◽

Ground Level ◽

New Order ◽

The Public ◽

Centralized Management ◽

Decentralization Policy

The downfall of the New Order Regime in 1998 brought about significant change to Indonesia’s public sector. Law number 22 of 1999, further refined by Law 32 of 2004, provide legal bases for district governments to administer the public sector. The central government also introduces the notion of good governance through the promulgation of various regulations. For Madrasah however, decentralization policy failed to provide clear legal bases as to how it relates to district government. Law 32 of 2004 verse 10 article 3 retains the centralized management by the Ministry of Religious Affairs. This however does not exclude Madrasah from public demand of implementing the principle of good governance. This study analyses the dynamics of principal-ship both in the Sekolah and the Madrasah in the era of decentralization. By comparing two research sites, this study sought to create better understanding about the context by which the organization climate of two different schools are shaped, and how principals and teachers perceives the notion of school leadership in the light of most recent policy development. To do this, interviews were undertaken and questionnaire-based data collection was also conducted. The study found that in the ground level implementation of decentralization policy, Sekolah developed more rigorous leadership compared to that in the Madrasah. This research recommends the adoption of stronger regulation regarding principal-ship of Madrasahs in order to create an environment that is more in tune with the spirit of public service reforms.

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Applying analytical procedures for performance audit of customs authorities

Economic Analysis Theory and Practice ◽

10.24891/ea.19.6.1035 ◽

2020 ◽

Vol 19 (6) ◽

pp. 1035-1055 ◽

Cited By ~ 1

Author(s):

S.V. Pankova ◽

V.V. Popov

Keyword(s):

Distance Method ◽

Scientific Methods ◽

Scientific Hypothesis ◽

Financial Audit ◽

Promising Area ◽

History Of ◽

Performance Audit ◽

Analytical Procedures ◽

And Performance ◽

Customs Administration

Subject. The article considers the development of a set of methods and indicators of economic analysis, which can be used for performance audit of customs authorities, using the Volga Customs Administration case. Objectives. The aim is to justify the use of analytical procedures to rank the effectiveness of customs payments for the purpose of performance audit of customs authorities. Methods. We employ general scientific methods of research, i.e. dialectical and monographic methods, logical analysis, comparison, as well as the Euclidean distance method. Results. We reviewed works by Russian and foreign scholars on the history of customs audit development and internal financial control of customs authorities, gave scientific credence to attributing the system of customs payment and performance to the indicators of economic activity of customs authorities. Due to the lack of methods for assessing the performance of customs authorities, the use of analytical procedures during the performance audit seems to be a promising area. Conclusions. When verifying the scientific hypothesis put forward in the study, we established that the introduction and development of the ranking system for the performance of customs authorities related to the collection of customs duties can contribute to effective financial audit of customs authorities in general.

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Perceived Influence of Students’ Demographic Variables on Their Access to Financial Aids in Public Universities in Rivers State, Nigeria

Journal of Education and Research ◽

10.3126/jer.v8i2.27378 ◽

2018 ◽

Vol 8 (2) ◽

pp. 32-50

Author(s):

Emmanuel Olorunleke Eseyin

Keyword(s):

Sample Size ◽

Public Universities ◽

Sampling Technique ◽

Demographic Variables ◽

Sample Size Determination ◽

Interview Schedule ◽

The Public ◽

Research Questions ◽

Level Of Significance ◽

Rivers State

The paper investigated the perceived influence of students’ demographic variables on their access to financial aids in public Universities in Rivers State, Nigeria. Six questions were formulated to guide the study and five hypotheses tested at 0.05 level of significance. The design adopted for the study was an analytical survey. The population of the study included 78, 216 students (34,997 male and 43,219 female) in the three public Universities in Rivers State. The sample of the study covered 791 students (Male= 395 and Female= 396) selected through the random sampling technique while Taro Yamane method of sample size determination was used for determining the sample size. The instruments used for collecting responses from students were questionnaire and a ten items interview schedule. The research questions were answered using frequency, percentage and cumulative percentage. Findings of the study revealed that students’ demographic variables have an influence on their access to financial aids in public Universities in Rivers State, Nigeria. The implication of this is that the government’s expenditure on education will continue to increase in the absence of these alternative financial aids in the public Universities in Rivers State, Nigeria.

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