(A CASE STUDY OF UYO LOCAL GOVERNMENT COUNCIL)
TABLE OF CONTENTS
Tile Page – – – – – – – – – i
Certification – – – – – – – – ii
Dedication – – – – – – – – iii
Acknowledgement – – – – – – – iv
Table of Contents – – – – – – – v-viii
Abstract – – – – – – – – ix
CHAPTER ONE
INTRODUCTION
- Background of the Study – – – – – 1-3
- Statement o the Problem – – – – – 3-4
- Objectives of the Study – – – – – – 4-5
- Research Questions – – – – – – 5
- Statement of Hypothesis – – – – – 6
- Significance of the Study – – – – – 6
- Scope/Limitation of the Study – – – – 7
- Organization of the Study – – – – – 7-9
- Definition of Terms – – – – – – 9-10
CHAPTER TWO
REVIEW OF RELATED LITERATURE
2.0 Introduction – – – – – – 11
2.1 Meaning and Concept of Internal Auditing – – 11-13
2.2 Classification of Auditing – – – – – 13
2.2.1 Classification by Method of Approach to Audit work 13-15
2.3 Value for Money (VFM) Audit – – – – – 15-18
2.4 Internal Auditing – – – – – – 18-21
2.5 Essential Elements of Internal Audit – – – 21-24
2.6 Audit Techniques – – – – – – 24-27
2.7 Assessment of Internal Control – – – – 27-28
2.8 Effects, Roles and Responsibilities in Internal Control 28-29
2.9 Limitation/Challenges of Internal Audit – – – 29
2.10 The structure of the Audit Department – – – 30
2.11 Methods of Auditing and Investigation – – – 30-34
2.12 Special Types of Audits – – – – – 34-36
End Notes
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Introduction – – – – – – – 38
3.1.1 Statement of Hypothesis – – – – – 38
3.1.2 Research Questions – – – – – – 38-39
3.2 Design of the Study – – – – – – 39
3.3   Area of the Study      –      –      –      –      –      –      40
3.4 Population of the Study – – – – – 40
3.5 Sample/Sampling Techniques – – – – 40
3.6 Instrument/Methods of Data Collection – – – 41
3.7 Data Analysis Techniques – – – – – 41-42
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND INTERPRETATION
4.1 Introduction – – – – – – 43
4.2 Data Presentation – – – – – – 43-44
4.3   Data Analysis    –      –      –      –      –      –      –      44-45
4.3.1 Test of Hypothesis – – – – – – 45-48
4.4 Data Analysis and Interpretation of Questionnaire – 48-49
4.5 Data Analysis and Interpretation – – – – 49-60
CHAPTER FIVE
FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.0 Introduction – – – – – – – 61
5.1 Findings – – – – – – – 61-62
5.2 Conclusions – – – – – – 62-63
5.3 Recommendations – – – – – – 63-65
References
Appendices
ABSTRACT
The purpose of the study is concerned with assessing the effects of internal auditing in local government council. A case study of Uyo Local Government Council. It is believed that effective internal auditing in an organization ensures proper fund and property management and efficiency at all times. The main objectives is to assess the effectiveness of internal auditing as a tool in Uyo local government council in terms of budgeted and actual expenditure for the period under review. Primary and secondary sources of data collection were used in gathering relevant data for this research work. The primary data were questionnaires while the secondary data was from Uyo, local government council financial budget statement. The secondary data were in respect of the independent and dependent variables and quota control sampling technique was used in carrying out this research work. The researcher adopted survey research design which was descriptive and exploratory in nature. The statistical formula used was Pearson product moment correlation coefficient. Hi was accepted which states that internal auditing does ensure control in the local government council in terms of budgeted and actual expenditure of Uyo local government council, Uyo Akwa Ibom State. A total of 20 questionnaires were administered and 20 were fully completed and returned. Findings reveal that effective internal auditing leads to effective funds and property management, funds reduction, control and increases productivity by reducing wastes. Conclusion was drawn on the findings that internal auditing assess local government council and recommends that proper and effective internal auditing should be one of the front line policies in Uyo local government council to achieve its sets goals.
