CERTIFICATION

This is to certify that this project work was carried out by OGUNMOKUN OLAYIWOLA
AYOOLA with matric number AUO/09/434.

This project has been read and approved as meeting the requirement of the Department of
Accounting in the College of Social and management Sciences, Achievers University, Owo,
Idesan-Ute, Ondo State.

......................................... .............................

MR SAM OJEME Date

(Project Supervisor)

............................ ............................

MR J.A OJO Date

(Head of Department)

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 DEDICATION

I dedicate this project work to the glory of God almighty, for his kindness, wisdom and
knowledge that he saw me through the success of this program and my attainment of this
accademic height.

And to my parents Mr and Mrs Olayiwola Ogunmokun, my lovely sister Olawunmi Olayiwola
Ogunmokun, I thank you for your moral and financial support. It is equally dedicated to the
whole Ogunmokun family for their contribution in one way or the other to my life.

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 ACKNOWLEDGEMENT

I wish to express gratitude to a number of people who in one way or the other have been
instrumental to the success of this work, in this regards, my profound gratitude to goes to
almighty God for sparing my life up to this day.

The success of this project to large extent depeneded on my project supervisor Mr Sam Ojeme of
the department of accountancy, Achievers University, Owo, his reading, scholarly guidiance,
construcive criticism which gave me the courage to write this research work.

I am also grateful to all my lecturers that has contributed to my knowledge for their proud
influence they have on my career.

I appreciate the contribution of my most dearest friends the likes of Ajogri Onome Blessing,
Olayemi Olamilekan, Ilumi Kayode, Taiwo Gbenga, Fagboyo Kolawole, Adeyemi Adewale,
Shakiru Lanre, Ojo Ayodeji, Ajibola Adebayo, Adeyemi Enoch, Aje Ayobami, Falana Omotayo,
Sangotunde Adegboyega, Fagbemide Abiodun, Folashade Charity, and the whole of my course
mates.

Thank you all for being there for me, I love you all.

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 ABSTRACT

The research centered on the use of auditing to improving public sector management using Ogun

state ministry of finance. Ogun state is one of the developed states in Nigeria. In carrying out the

research, hypotheses were stipulated, which basically questioned the significant existence of

auditing departments in public sector and the effectiveness of auditing in checking frauds in

pursuance of constant complain that internal audit department is too understaffed and under

resource generally to be fully effective. To test these hypotheses, Chi-square statistical tool was

employed. We found out that the Internal audit can effectively check fraud and fraudulent

activities in the Public Sector and that Public Sectors in Ogun State have significant numbers of

Internal Audit Departments to function effectively. It is recommended that Government should

provide and adequately equip staff with electronic data processing and also maintains an

environment within which internal auditors can have sufficient freedom to accomplish their task

efficiently.

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 TABLE OF CONTENT

TITLE PAGE

CERTIFICATION I

DEDICATION II

ACKNOWLEDGEMENT III

ABSTRACT IV

CHAPTER ONE

1.0 INTRODUCTION 1-2

2.0 STATEMENT OF THE PROBLEM 2-3
3.0 OBJECTIVES OF THE STUDY 3
4.0 SCOPE OF THE STUDY 3-4
5.0 SIGNIFICANCE OF THE STUDY 4
6.0 LIMITATION OF THE STUDY 4
7.0 RESEARCH HYPOTHESES 5
8.0 DEFINITION OF TERMS 6-8

CHAPTER TWO

2.0 LITERATURE REVIEW 9

2.1 THEORETICAL FRAMEWORK 9-11

2.2 ROLES AND DUTIES OF INTERNAL AUDITORS 11-12

2.3 PURPOSES OF AUDITING SYSTEM IN PUBLIC SECTOR MANAGEMENT 12-13

2.4 MANAGEMENT CONTROL IN PUBLIC SECTOR 13

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2.5 ECONOMIC IMPLICATIONS OF INEFFECTIVE INTERNAL AUDITING 14-15

2.6 REASONS FOR INEFFECTIVENESS OF INTERNAL AUDITING 15-16

2.7 INTRODUCTION TO AUDIT 16

2.8 AUDIT, AN AGENCY OF FINANACIAL CONTROL 17

2.9 GOVERNMENT AUDITING 17

2.10 AUDIT CONTROL 18

2.11 OBJECTIVES OF AUDIT 18-20

2.12 FUNCTION AND SPIRIT OF AUDIT 20

2.13 FUNCTION OF AUDIT 20

2.14 SPIRIT OF AUDIT 21

2.15 TYPES OF AUDIT AND PROCESS OF AUDIT 21

2.16 TYPES AND PROCESSES INVOLVED IN AUDIT 22-37

CHAPTER THREE

3.0 RESEARCH METHODOLOGY 38

3.1 INTRODUCTION 38

3.2 POPULATION OF THE STUDY 38

3.3 POPULATION SAMPLE 39

3.4 SAMPLING METHOD 39

3.5 SOURCES OF DATA 39

3.6 METHOD OF DATA GATHERING 39-40

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3.7 INSTRUMENT OF DATA COLLECTION 40

3.8 VALIDITY OF RESEACH INSTRUMENT 40

3.9 ANALYSIS OF DATA 40

CHAPTER FOUR

4.0 INTRODUCTION 41

4.1 PERSONAL DATA OF RESPONDENTS 41-43

4.2 RESPONSES TO RELEVANT QUESTIONS ( PART B) 44-56

CHAPTER FIVE

5.0 SUMMARY, CONCLUSION AND RECOMMENDATIONS 57

5.1INTRODUCTION 57

5.2 SUMMARY OF FINDINGS 57-58

5.3 CONCLUSION 58

5.4 RECOMMENDATIONS 59-60

REFRENCES 61-62

APPENDIX/ QUESTIONNAIRE 63-69

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