Impact of auditing on reducing embezzlement of public funds in Makurdi, Benue state Department:Accountancy By: Kpishi Project ID: 9306 Rating: (5.0) votes: 1 Price:₦5000 Get the Complete MaterialAbstractThis study examined the impact of auditing on reducing embezzlement of public funds in Makurdi, Benue State. The primary objective of the study was to determine the extent to which auditing contributes to the prevention, detection, and reduction of embezzlement in public sector organizations. The study adopted a survey research design and utilized both primary and secondary sources of data. Primary data were collected through structured questionnaires administered to selected employees of public institutions in Makurdi, while secondary data were obtained from textbooks, academic journals, government publications, audit reports, and relevant internet sources. The study was anchored on Agency Theory and Fraud Triangle Theory. Data collected were analyzed using frequency tables, percentages, and chi-square statistical techniques. The findings revealed that effective auditing significantly contributes to reducing embezzlement of public funds through improved internal control systems, enhanced accountability, and early detection of financial irregularities. The study further revealed that challenges such as inadequate auditor independence, poor implementation of audit recommendations, and insufficient resources hinder the effectiveness of auditing in public institutions. The study concluded that auditing remains an essential instrument for promoting transparency and accountability in the management of public funds. Consequently, the study recommended strengthening internal audit units, ensuring auditor independence, implementing audit recommendations promptly, and providing continuous professional training for auditors in the public sector. Keywords: Auditing, Embezzlement, Public Funds, Accountability, Internal Control, Public Sector....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 )