Effect Of Financial Control And Accountability In Tile Public Sector Organization Performance. (A Study Of Abia State Ministry Of Finance).

ABSTRACT

This study was carried out to evaluate the financial control and accountability in the public sector

organization in Abia state ministry of finance. To be accountable is to be answerable to ones

action. Accountability simply means being responsible for ones decisions and actions and

expected to give clear explanation to them as much as possible. The main objective of this study

is to make sure that the principle of ethics on financial control and accountability are followed

accordingly, and to detect and control fraud in Abia state ministry of finance. The main problem

of financial control and accountability is the embezzlement of funds, and failure to conform to

financial regulations and laws. The data collection method used here is primary data(descriptive

survey) and was supported with secondary data. The primary data includes; questionnaire,

personal observations, and interviews. It was analysed using simple regression and Pearson's

Product Moment Correlation (PPMC) which measures the degree of relationship between

variables. However, the SPSS statistical for social science (version 23) is also used to run the

analysis. The population of the management and the staffs interviewed is 120(one hundred and

twenty). Out of which, a sample size of 92 (ninety-two) was selected. This includes; 5

administrative staff, 57 financial Accountants, 1 permanent secretary, 18 internal auditors, 5

external auditors and 6 contractors.