Financial Control And Accountability In Public Sector Organization (A Study Of Selected Ministry 1. Ministry Of Finance Umuhia 2. Office Of Auditor General)

ABSTRACT

 Financial matters are so important that they receive constitutional recognitions. The research sought to investigate the financial control and accountability of public sector organizations in Abia State. It sets out the measures that will enhance the discharge of financial accountability. Five hypotheses were formulated and tested. The primary data was obtained thought the administration of questionnaires, interviews and actual observation; it was also supplemented with secondary data. The technique of sample random sampling was used in the questionnaire administration. The population was 290 out of which a sample of 121 was studies. The chisquare (X2) test statistic was used to test the five hypotheses - percentage analysis was used to investigate issues continued in this research. The findings of this research indicates that the legislature lacks financial autonomy to effectively deploy its weapon of financial oversight function over the executive, rules and regulation governing effective and efficient use of public fund are violated. The executive dominates financial control process in Abia State. The State Audit lacks the operational independence to carryout its functions. The implications of these findings are that the legislature is unable to discharge its constitutional financial oversight functions; financial accountability as a result is often violated. The study recommends a balanced redistribution of financial powers among the legislature, the executive and the auditor-general to promote the discharge of financial accountability in Abia State.