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AUDITING AS AN EFFECTIVE TOOL FOR FINANCIAL CONTROL IN THE PUBLIC SECTOR: A FOCUS ON IKA SOUTH LGA OF DELTA STATE
The study was designed to examine auditing as an effective tool for financial control in Ika South LGA. Three research questions and two hypotheses guided the study. The population comprised 42 auditors in Ika South LGA. All the subjects in the population were used for study due to size of the population. Data was collected from respondents using structured questionnaire and hypotheses were tested using Pearson moment correlation. It was found out from the study that: Interference of council management to auditor work, council constitutions sets limits of auditors, restricted access to information needed to execute their work, insufficient fund to carry out their activities, incompetence of the head of audit unit negatively influenced auditor effectiveness in carrying their duties. Style of management leadership; support of the council management team; safeguarding auditors independence of their work; introducing external auditor when need be; and distribution of audit report to all stake holders where management roles are needed for auditors to function effectively. Gathering evidence to assess aspects of government performance beyond financial reporting; ensures programs, contracts and form of governance accomplishments; examines productivity, unit cost, or indicators such as utilization rates, backlogs, or service wait times being developed by contracts and programs awarded by the government; auditors ensures public institutions compliance with laws and regulations; provides expert advice to the councils management team were roles played auditors to ensure good governance in Ika South LGA. The researchers recommended that council management should support the activities of the auditors by providing them with organizational independence, adequate finance and required documents to effectively carry out their duty.
Keywords: Auditing, financial control, public sector, accountability and integrity