Effect of value for money audit on public sector performance in Kogi state Department: Accountancy By: AdeleyeJoshua Project ID: 9380 Rating: (5.0) votes: 1Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThe research work examines the effects of value for money audit on the public sector performance in Kogi State. The objectives of this study are to examine the relevance of value for money audit in the public sector, to evaluate the significant relationship between value for money audit and the performance of the public sector in Kogi State and to examine the effect of value for money audit on fraud detection and control in the public sector. Two theories were adopted in the study, which are Agency Theory and the theory of lending credibility. The design the study adopted is a survey design method. Data for the study were gathered from both primary and secondary sources. The population of the study is seventy-nine (79), out of which sixty-six (66) were selected as the sample size. The Taro Yamane formula and the hypotheses were tested using the chi-square method. The findings revealed that the implementation of value for money audits has positive effects on public sector performance. It can increase the accountability of public officials and transparency in the management of public resources. This has led to better trust and confidence from the public. VFM audits can also identify weaknesses in internal controls and provide recommendations for improvement, thereby reducing the risk of mismanagement and fraud. However, the study recommends that Value for Money audits in the public sector should be equipped, supported and protected so as to be effective and efficient in their act of fraud detection and control. Effective internal control should be pursued in the organization as a means of reducing the tendency of fraud commitment in the organization. ...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»The impact of development finance institutions (DFIS) in economic development of Nigeria»Auditing in Nigeria companies, problems and prospects»Effect of misrepresentation of information in a financial statement»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )