CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
For a long time now Nigeria have been witnessing a
down turn in her development efforts. This primary cause of this down has been
linked with the in or definite ambition of the average Nigeria to get rich
quick at the expense of less privilege ones. Those who a seen themselves as
being opportunity to control government establishment use the opportunity to
perpetrate fraud or misappropriate public funds and properties.
Our law makers have seen the need for acceptable
accountability by making a provision for the federal and state government to
report on the account of stewardship rendered by these public officers.
Section 126 (1) the constitution of the federal
republic of Nigeria 199.States that there shall be an audit general for each
state who shall be appointed in accordance with the provision of section 126 of
the constitution”.
Section (2) says that the public account of a state
and of all offices and courts of the state shall be audited by the auditor
general for the state”.
This study focused attention how well or otherwise
the government audit department conduct it activities in response to section
125 of 1999 constitution of the federal republic of Nigeria.
1.2
Statement of the Problem
Public embezzlement always create a consciousness on
the part of the supervisory authorities as to the quality and degree of
protective management in government
1.
Lack of understanding of the purpose of auditing among the society in
general.
2.
Lack of a well defined goal oriented policies aimed at building up a
strong and sound financial system.
3.
Inherent weakness in the existing. Administrative arrangement for
government establishment accounting function.
4.
Improper supervision of overall officers under the authority entrusted with the receipts expenditure of
public money.
Inability of the government establishment maintain a
sound system of internal control.
1.3
Objective of the Study
The specific purpose which the project is design to
achiever are:
1.
To find out roles played by the audit department in protection of public
finds.
2.
To provide a system of financial
accountability which will promote proper stewardship of assets deter wastes
dishonesty and extravagancy and promote effectiveness at reasonable costs.
3.
To ensure efficient financial administration through system of internal
control and management information.
4.
To determine the extent to which fraud misappropriation and embezzlement
of public funds have persisted in public services.
5.
To find out the delays in carrying out audit of account of government
establishment.
1.4
Significant of the Study.
It is expected that the result of this study will
help improve financial reporting by government establishment providing annual
reports in accordance with the requirement of audit acts, 1990.
The significant of the study to society in general
is to correct the wrong notion of the society in general is to correct the
wrong notion of the wealth of government which contrary to realty is usually.
Regarded in position could cut his own share at will and get away with it.
To the government is ensuing the standard that down
in the ministry manual of responsibilities and procedure are maintained
To the auditor to pin point to them the risk that
confronts the auditors in the excretes of his duties the legal action that
could be taken against the auditor she/he deficit in this duty.
The study sure as a quiet for future quern mental
policy formulation on auditing guideline to government establishment.
Finally, it is expected that this study will serve
as a work of reference to future researchers.
1.5 Scope and Limitation of the Studies
Time constraints: The researcher as a student also
engaged in other activities which limited the time.
Used for the project the research was deeply
affected by the shortness of time as a result of the short semester being ran
by the school. The semester coupled with
dash of programme of the school and there is no special time given for proper
investigation are the constraints which left the researcher with little or no
time to carry out this project.