Key Features:
- No of pages: 69
- No of Chapters: 5
- Tables
- Questionnaire
- Well Detailed
Abstract:
The research centered on External audit as a tool for improving public corporations and
parastatals, the Nigerian Communication Commission as a case study. The main objective that
guided this study was to check if there are financial irregularities in the company and whether
the internal audit department is discharging its responsibilities effectively. In realizing its
objective, the study has employed a case study design which has provided the opportunity to
such techniques as questionnaires and observations in the data collection process. The target
population of this study targeted some NCC employees who formed 43 respondents. The data
obtained in this research provided descriptive statistics and narrations. The study also used a
Single Factor Analysis of Variance (ANOVA) to determine the relationship between the
independent variables and the dependent variable. The study found that management support
had the greatest effect to the external audit operation as an instrument towards improving the
Nigerian Communication Commission (NCC). The study recommends that in order for the
corporation to be effective in its operation and service delivery it needs to pay attention to the
contribution of external auditing on its operations.
Table of Content:
Title Page
Certification
Dedication
Acknowledgement
Abstract
Table of Contents
CHAPTER ONE – INTRODUCTION
1.1 Background to the study
1.2 Statement of the problem
1.3 Objective of the study
1.4 Research Question
1.5 Research Hypothesis
1.6 Scope of the study
1.7 Significance of the study
1.8 Definition of operational terms
1.9 Historical Background of the Nigerian Communication Commission (NCC)
CHAPTER TWO – LITERATURE REVIEW
2.1 Introduction
2.2 Conceptual framework
2.2.1 Objective of Auditing
2.2.2 Purpose of external audit
2.2.3 Qualities of an Auditor
2.2.4 Qualification of an Auditor
2.2.5 Appointment of an external auditor
2.2.6 what the auditor need
2.2.7 Rights and Duties of an Auditor
2.2.8 Independence
2.2.9 Audit report
2.2.10 Nature of Government Parastatals
2.2.11 Auditing Government Corporations
2.2.12 Internal Control and Internal Check
2.2.13 Internal Control in the Public Sector
2.2.14 The Need for Effectiveness and Efficiency in Government Audit
2.2.15 Legal Basis of Government Accounting
2.2.16 Method of keeping records in public corporations
2.2.17 Fraud in Government Parastatals
2.2.18 Corporate irregularities
2.3 Theoretical Framework
2.4 Empirical framework
2.5 Summary of review
CHAPTER THREE – RESEARCH METHODOLOGY
3.1 Introduction
3.2 Research design
3.3 Population of the study
3.4 Sample size determination
3.5 Method of Data Collection
3.5.1 Research instrument
3.5.2 Reliability & validity Test
3.6 Method of data analysis
3.6.1 Decision Criterion for validation of Hypothesis
CHAPTER FOUR – DATA PRESENTATION ANALYSIS AND INTERPRETATION
4.1 Introduction
4.2 Presentation of Results
4.3 Discussion of Results
CHAPTER FIVE – SUMMARY CONCLUSION AND RECOMMENDATION
5.1 Summary
5.1.1 Factors that strengthen External Audit in NCC
5.1.2 Factors that Weaken External Audit in NCC
5.2 Conclusion
5.3 Recommendation
REFERENCES
APENDIX 1 - QUESTIONNAIRE
LIST OF TABLES
Table 3.3.1 Composition of the Targeted population
Table 3.4.1 Sample Size in relation to target population in each category
Table 4.2.1 Analysis of Questionnaire administered, responded to and returned
Introduction:
INTRODUCTION
1.1 Background to the study
There is general awareness all over the world for the need to pay greater attention to the
improvement of public corporation and parastatals. The reason is obvious, government
constitutes the largest single business entity and her pattern of expenditure through its various
parastatals, agencies and commissions stimulate lot of economic activities. As a result of the
governments’ involvements in economic activities, initiatives are being taken all over the world
towards improving the standards of accounting and auditing departments in its institutions.
The public sector accountant has the responsibility of developing systematic arrangements to
assist management in the performance of the services of the institution while the External auditor
has among other duties, the complementary role to examine whether management actually
performs that efficiently. The External auditor has to satisfy himself that the accounts presented
have been prepared according to statutory and regulatory requirements considering that all
proper accounting practices have been observed throughout the compilation process.
It is a fact that public Corporations have a significant role in improving the wellbeing of the
communities in any nation. In Nigeria, The Nigerian Communication Commission (NCC) falls in
the category of public corporation. These corporation are the ones whose management has a
direct impact on people’s lives in their respective localities (Chacha, M.A,). In this way,
improving the manner in which these local institutions are managed is likely to be significance
not only on the way they deliver goods and services to the population but also provide a good
image of the public sector institutions within and outside Nigeria. Given this importance of public corporation, in the current moment the government in Nigeria has put much attention on
developing and strengthening the audit department/function in the telecommunication sector. The
logic behind this initiative is that in so doing there is a likelihood of improving the management
of these institutions and hence being able to serve better the people in this era of decentralization.
Therefore this research is set to look at the current development in the management of the public
corporation, especially the initiative to strengthen the external audit function in the public
corporation. In so doing the research aims at assessing the effectiveness of using external audit as
a tool for improving public corporation management in the telecommunication sector.
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