ROLE OF ESTATE SURVEYORS AND VALUERS IN RURAL DEVELOPMENT
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ROLE OF ESTATE SURVEYORS AND VALUERS IN RURAL DEVELOPMENT
ABSTRACT
The topic of this research is “The Role of Internal Auditors and the Method of Internal Control in Local Government in Enugu State in Particular.” The study’s goal is to determine if the internal audit department’s functions are carried out in accordance with established standards and rules, as well as how successful it has been in accomplishing the local government’s objectives.
Interviews, direct observation, and secondary material analysis were used to obtain data. Percentage and certain hypotheses were utilised to analyse the data collected. The major findings of this study are: that Udi Local Government Area has an internal audit department,
that internal auditing helps to know how well management policies are implemented, that internal control duties be performed by either the accounts division or the external auditor who must be statutorily appointed,
and that all internal auditors of the local government report to the auditor general via the executive chairman of the local government. The researcher believes that internal auditing should be used in local governments since it is effective.
CHAPITRE ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY:
The new civil services movement is intended to make the service more functional, professional, productive, and responsive to the nation’s socioeconomic demands. The federal government has also recently overhauled and reformed the local government system to enable it to carry out its responsibility of promoting, co-ordinating, and executing community services,
thereby increasing public engagement and maximising the use of local resources. A large quantity of money is flowing to the local government from the federation account (), the state’s internally generated revenue, and the local government’s revenue.
In 1979, the federal government of Nigeria issued a budgetary directive directing all local governments to establish internal audit units. However, the actions and attitude of local government system operators resulted in many local governments not establishing, or failing to establish, an internal audit unit.
They were inoperable. In 1988, the federal government initiated a significant period of transformation. A real framework for internal auditing in local government was laid up in order to make it easier for local government management, which is the most significant contributor to bad performance in local government.
1.2 STATEMENT OF THE PROBLEM:
The local government receives revenue from three sources: straight from the federation’s account, revenue generated internally by the state government, and revenue generated internally by the local government herself.
Rents from market stores, royalties paid by some residents’ companies in a local government contractors registry, sales of car/bus emblems, and other internal sources are accessible to the local government area.
Because the local government has a plethora of potential funding sources, the issues include,
a) How can effective management controls be implemented?
b) What role does internal auditing play in ensuring this control?
c) How can internal auditing be used to improve management control?
1.3 OBJECTIVES OF THE STUDY:
a) The researcher wishes to learn about the role of auditors and internal control methods in local government.
b) Whether the internal audit department’s functions are carried out in accordance with set standards and procedures, and how well it has succeeded in meeting the local government’s objectives.
c) Finally, the researcher must identify some acceptable benefit that may be obtained from an effective audit control system.
1.4 RESEARCH QUESTIONS :
a) Is there an internal audit department in the Udi Local Government Area?
b) Does internal auditing assist in determining how management policies were implemented?
c) Can the internal auditor’s functions be undertaken by either the accounts division or the external auditor, both of whom must be statutory?
d) Do all local government internal auditors report to the auditor general via the executive chairman of their local government area?
1.5 RESEARCH HYPOTHESIS :
In order to solve the research challenge, the following hypotheses were developed, tested, and assessed in the research activity.
Ho: The internal audit department assists the municipal government’s accounting system.
Hi: The internal audit department does not help the local government’s accounting system.
Ho: The internal audit department does not aid in the prevention of fraud or the improvement of revenue position.
Hi: The internal audit department aids in the prevention of fraud and the enhancement of revenue position.
Ho: Reporting to the auditor general via the executive chairman of the local government requires the internal auditor to be diligent in his fiduciary duties.
Hi: The internal auditor is not performing his fiduciary obligations conscientiously since he reports to the auditor general through the executive chairman of the local government.
1.6 SIGNIFICANCE OF THE STUDY:
This study aims to evaluate the constructive roles that internal auditing can play in the Nigerian local government system, with a focus on Udi Local Government Area in Enugu State.
There are numerous issues confronting the local government sector, such as the lack of an effective audit central system. One of these issues is that management appears to skim over local government operations,
which are carried out in an unorganised manner. The researcher was motivated to chose this topic because he believes that if the Udi local government is managed efficiently, great production will be secured.
This is due to the fact that an efficient control system will allow management to monitor the performances of the executives and take necessary and adequate corrective actions to ensure high performances at all levels.
1.7 SCOPE OF THE STUDY:
The study’s scope is limited to Enugu state’s Udi local government area. This is due to the researcher’s restricted time for report submission, as well as the cost involvement of the scope being expanded. Furthermore, the linked literature assessment revealed that there were sufficient grounds for generalising the study’s findings.
1.8 LIMITATIONS OF THE STUDY
The study was constrained by a number of variables, the most significant of which was our people’s poor reactivity to research questions and their tendency to put meaning into any attempt at any sort of interview.
One of the critical papers required for this investigation could not be provided since it was an audited account for the fiscal years 2007 and 2008. The most recent audited account was in 1988.
It took much effort for the researcher to persuade some respondents that he is not attempting to determine how well or poorly they are carrying out their duties.
Capital Restrictions: The researcher spent capital on transportation, materials, and online research to acquire extra points.
Ignorance: The majority of respondents were unaware of the researcher’s request for information, they were unaware of the research purpose, and they were unaware that it would be utilised negatively.
Evasion of privacy: Some of the questions asked in this study appeared to be avoiding the respondents’ privacy; as a result, the researcher did not receive all of the cooperation he required to complete a decent research.
-1.9 DEFINITION OF TERMS
LOCAL GOVERNMENT: According to Wikipedia, a local government is a type of public administration that operates as the lowest layer of administrators within a specific state.
EMBEZZLEMENT: This is a dishonest conduct in which assets are withheld for the purpose of conversion (stealing) by one or more people to whom the assets were committed, either to be held or to be used for certain reasons.
APPRAISAL: A value of property (for example, real estate, a business, or an antique) based on an authorised person’s estimate. To be a valid appraisal, the authorised person must obtain a designation from a regulatory organisation regulating the jurisdiction in which the appraiser operates.
THE ROLE OF AUDITORS AND THE INTERNAL CONTROL METHOD IN LOCAL GOVERNMENTS
ABSTRACT
The topic of this research is “The Role of Internal Auditors and the Method of Internal Control in Local Government in Enugu State in Particular.” The study’s goal is to determine if the internal audit department’s functions are carried out in accordance with established standards and rules, as well as how successful it has been in accomplishing the local government’s objectives.
Interviews, direct observation, and secondary material analysis were used to obtain data. Percentage and certain hypotheses were utilised to analyse the data collected. The major findings of this study are: that Udi Local Government Area has an internal audit department,
that internal auditing helps to know how well management policies are implemented, that internal control duties be performed by either the accounts division or the external auditor who must be statutorily appointed, and that all internal auditors of the local government report to the auditor general via the executive chairman of the local government.
Internal auditing should be used in local governments, according to the study, because it will greatly aid in management control.will be really beneficial in terms of managerial control.
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