ABSTRACT

A control system is a system built to maintain a designed state. Financial control is a process which assures that financial resources are obtained economically and used efficiently and effectively in the accomplishment of desired goals. This work "Financial Control and Accountability in the Public Sector" appraised and reviews the nature and state of financial control and accountability in the public sector, with the aim of identifying the various financial/accounting problems and financial irregularities inherent in the public sector. The need for this research work became very eminent since members of the public needs to receive accountability reports in order to assess the performance of those entrusted with the public sector resources. Hypotheses were formed in order to guide the direction of the researcher towards finding a point-to-point-solution to the problems being investigated. The data collection techniques employed in the study were both primary and secondary techniques. The sample size was 120. By this number structured questionnaires was distributed to respondents to seek their responses on the questions and out of which the researcher was able to collect 100 back for he based his analyses in chapter four of this work The Chi-square test (X2) was used in testing the hypotheses and judgments were made based on 95% confidence (i.e. 5% level of significance) and one degree of freedom. The major results of this study proved that there is a system of financial control in the public odor, but accountability in the public sector is inadequate. This can be seen in chapter four under tables; 4.3.2, 4.3.4, and 4.4.3 respectively. In conclusion, this work is believed to have provided possible solutions to the problems under study and recommendations were also made for possible implementation.