Audit Reporting and Performance of Public Institutions in Lagos State Nigeria
CHAPTER ONE
OBJECTIVES OF STUDY
The objectives of the study are;
- To find out the important of audit reporting in public institutions in Lagos state.
- To ascertain the benefits derived from audit reporting and performance in public institution in Lagos state.
- To ascertain the effect of audit performance in public institutions in Lagos institution.
CHAPTER TWO
REVIEW OF RELATED LITERATURE
Theoretical Framework
This study is hinged on the following theories:
Theory of Good Governance
The great administration hypothesis is related with administering strategies and structures in creating nations and it is especially pertinent to administration in Nigeria since Nigeria is a creating nation. Great administration hypothesis creates from a lot of standards or strategies initially presented by the World Bank in relating with and in helping creating or third world countries. The World Bank usually requires good governance practice, among others, as a condition from the developing countries. Great administration is about how the open area in underdeveloped nations can be created. It has been understood that a cutting edge type of government isn’t only just about productivity, that administering is likewise about responsibility between the state and its natives (Bjork and Johansson, 2001) Good administration is about how individuals are dealt with not only as clients or purchasers (as in the new open administration approach) yet as citizens, who have the right to hold their governments to account for the actions they take or fail to take. The demand for efficiency in the public sector should not be allowed to lead to bad service. When there is bad service, citizens have the right to protest and hold politicians accountable. Great administration hypothesis, hence, is an administration hypothesis that sets some essential standards as indicated by which a decent government, whatever its structure, must be run. Such standards incorporate responsibility, control, responsiveness, straightforwardness, open cooperation, economy, effectiveness and so forth. In total, the hypothesis of good administration is made to mirror every one of the standards articulated above and some more (Minogue, Polidano and Hulme, 1998). In perspective on the previous and in accordance with the World Bank standards and approach intercessions in underdeveloped nations, great administration includes a productive open administration, an autonomous legal framework and legitimate structure to authorize contracts and capable organization of open assets. Different prerequisites for good administration incorporate a free open inspector capable to a delegate lawmaking body, regard for the law and human rights at all dimensions of government and a pluralistic institutional structure.
CHAPTER THREE
Research methodology
Research Design
The research design adopted in this research work is the survey research design which involves the usage of self-designed questionnaire in the collection of data. Under the survey research design, primary data of this study will be collected from Local government service commission, Lagos state in order to determine the audit reporting and performance. The design was chosen because it enables the researcher to collect data without manipulation of any variables of interest in the study. The design also provides opportunity for equal chance of participation in the study for respondents.
Population of Study
The population of study is the census of all items or a subject that possess the characteristics or that have the knowledge of the phenomenon that is being studied (Asiaka, 1991). It also means the aggregate people from which the sample is to be drawn.
Population is sometimes referred to as the universe. The population of this research study will be Seventy-five (75) selected staffs of local government service commission, Lagos state
Sample Size and Sampling Techniques
The researcher made use of stratified sampling technique because all the members have the same probability of occurrence. The researcher narrowed down the samples to local government service commission in order to access audit reporting and performance of public institution.
CHAPTER FOUR
DATA PRESENTATION, ANALYSIS AND DISCUSSION
This chapter is about the analysis and presentation of data collected from the field through questionnaire. The analysis of the data with particular question immediately followed by the presentation of findings.
As mentioned in chapter three, 50 questionnaires were administered and 50 were retrieved and necessary analysis was carried out on them.
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
Introduction
It is important to ascertain that the objective of this study was to ascertain audit reporting and performance of public institutions in Lagos State. In the preceding chapter, the relevant data collected for this study were presented, critically analyzed and appropriate interpretation given. In this chapter, certain recommendations made which in the opinion of the researcher will be of benefits in addressing the challenges of audit reporting and performance of public institutions
Summary
This study was on audit reporting and performance of public institutions in Lagos State. Three objectives were raised which included: To find out the important of audit reporting in public institutions in Lagos state, to ascertain the benefits derived from audit reporting and performance in public institution in Lagos state and to ascertain the effect of audit performance in public institutions in Lagos institution. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. The data collected were presented in tables and analyzed using simple percentages and frequencies
Conclusion
This is in accordance with the supposition of Abubakar, (2011), proof close by demonstrates that the execution of the open administration in all levels of government in Nigeria has stayed cloudy, consequently the current situation with underdevelopment. The truth is that the performance of the public sectors in Nigeria has been rated as terribly low. The various governments of Nigeria have adopted several measures, to bring back the Public sectors to life but with no major success. The purpose behind the low execution of the Nigeria Public sector have prompted the investigation of the comprehension of the performance of the Nigeria Public sector within the framework of modern organization theory. The legitimization additionally clarified completely and diversely the purposes behind the horrifying execution of the Nigerian Public sector. We therefore conclude that regular and effective audit reporting and performance audit of the public sector will enhance the ability to render timely and adequate accountability, making them to live up to the people’s expectations.
Recommendation
There should be legal mandate in the public to carry out regular performance audit of their activities and programs to ensure proper accountability of resources given to them. Constituent authenticity gives the premise to majority rule responsibility, decisions in Nigeria are generally a depravity of vote based system as votes don’t frequently tally. Races held in the nation are typically not believable, free and reasonable. This clarifies why race results are frequently fiery challenged in the law courts. Ikpe (2000) takes note of that viciousness, fixing and different types of discretionary acts of neglect rule amid decisions in Nigeria. Constructive and objective Fight against Corruption in the public sector should be given more attention as this will help in check mating the corrupt practices of our public office holders from time to time.
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