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Effective Internal Control Measures As Tools For Transparency, Probity And Accountability In The Management Of Public Resources
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1.2STATEMENT OF PROBLEMS
The term mismanagement,
misappropriation, misapplication and embezzlement are synonymous
Mismanagement or misappropriate is the unauthorized, improper and
unlawful use of fund or other properties for purpose other than that for
which it is intended.
To give impression that fraud, embezzlement,
misapplication of public fund suit because of lack of internal control,
in government as claimed by the conference of the federal and state
auditor general in Nigeria in their preface to “exposure daft†on public
sector, internal control standard in May 1998 was uncharitable. The
internal auditor passes salaries vouchers. Therefore, fraud and
mismanagement of fraud does not exist because of absence of internal
control but because operators have decided to set the control aside for
selfish immediate benefit, irrespective of its consequence to a local
government or the nation.
The following are issues, which lead to fraud and misappropriation of local government(s) fund:
1.
Borrowing of funds for capital projects, only to be misappropriated by
the three wise-men-chairman, secretary and treasurer.
2. Misrepresentation of actual receipt of funds from federal accounts and VAT receipts.
3. Questionable overhead expenditure on security.
4. Illegal overhead expenditure.
5. Payment of council funds fictitious projects.
6. Payment of council fund for the jobs not recounted.
7. Over pricing by works officers of direct labour job contracts.
8. Misappropriation of local government(S) fund through collusion of chairman, secretary and treasurer.
9. Inflation of salary bills by the three wise-men.
10. Misappropriation of special greats from the federal or state or their agencies.
The above issues account for nearly 100% of the cases of fraud and misappropriation of fund from local government.
1.3OBJECTIVES OF THE STUDY
In
view of the over view of the study and statement of problems already
discussed, this work aims at achieving the following objectives:
1) To identify the problems and the causes of the problems of internal control in the local government(s).
2)
To evaluate the roles played by the management in resolving the
inadequacy or ineffectiveness of internal control towards the
achievement of planned objectives of the local government(s) council.
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ABSRACT - [ Total Page(s): 1 ]The research work (Effective internal control measures as tools for probity, Transparency and accountability in the management of public resources) will identify the problems that lead to frond and mismanagement of public resources in local Government(s) The main objective of this project is to evaluate the role played by the management in resolving the inadequacy of internal control towards the achievement of planned objectives. The methodologies that will be adopted for the research are: self- ... Continue reading---
