Appraisal Of Accounting Practices In The Public Sector Of The Nigerian Economy (A Study Of Imo Transport Company)

ABSTRACT

This research work investigated the accounting practices existing in the public sector of the Nigerian economy from primary and secondary sources. The Analyses of Variance (ANOVA) were used to the hypothesis formulated. Based on responses received from the respondents and analyses thereof findings were made which include that the inappropriate application of accounting practices did nol cause ineffectiveness of the public sector. The lack of skilled manpower did not have bad financial reporting, bad governance and fraud. Base on the above findings, the researcher recommends that accountability should be ripped up and encouraged by taking adequate deciphers action on any public servant baiting in discharge of his duty