The Challenges of Public Sector Audit as an Effective Accountability Tool in PPP Arrangements in Nigeria

6 Pages Posted: 11 Dec 2011

See all articles by Okaro Sunday Chukwunedu

Okaro Sunday Chukwunedu

Nnamdi Azikiwe University - Department of Accountancy

Gloria Ogochukwu Okafor

Nnamdi Azikiwe University - Department of Accountancy

Date Written: December 8, 2011

Abstract

The purpose of this study is to explore some of the challenges constraining public sector audit from acting as an effective accountability tool in PPP arrangements in Nigeria and to proffer solutions. This is a conceptual paper and relies on extensive review of literature. We find, among others, that inadequate independence of the supreme audit institution (SAI), Poor accounting environment, lack of executive capacity, the unsatisfactory performance of the Public accounts committee (PAC) and poor use of technology pose serious challenges to public sector audit as an effective accountability tool in PPP arrangements in Nigeria. Some of our recommendations include the strengthening of the independence of the supreme audit institution, bestirring the PAC to be alive to its responsibilities and improving the accounting environment.

Keywords: Audit, PPP, Auditor-General, Accountability, Public sector, Effective Tool, Challenges

JEL Classification: M4, M40, M41, M49

Suggested Citation

Chukwunedu, Okaro Sunday and Okafor, Gloria Ogochukwu, The Challenges of Public Sector Audit as an Effective Accountability Tool in PPP Arrangements in Nigeria (December 8, 2011). Available at SSRN: https://ssrn.com/abstract=1970070 or http://dx.doi.org/10.2139/ssrn.1970070

Okaro Sunday Chukwunedu (Contact Author)

Nnamdi Azikiwe University - Department of Accountancy ( email )

Department of Accountacy
Faculty Of Management Sciences
Awka, West Africa 23400
Nigeria

Gloria Ogochukwu Okafor

Nnamdi Azikiwe University - Department of Accountancy ( email )

Awka, Anambra 23400
Nigeria
080 (Phone)

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