Accounting and Internal Control System in Nigeria

TABLE OF CONTENT

TITLE PAGE

CERTIFICATION

DEDICATION

ACKNOWLEDGEMENT

          CHAPTER ONE

1.0     INTRODUCTION

1.1     STATEMENT OF THE PROBLEM

1.2         OBJECTIVE OF THE STUDY

1.3         SIGNIFICANCE OF THE STUDY

1.4         SCOPE AND LIMITATION OF THE STUDY

1.5         RESEARCH METHODOLOGY

1.6         PLAN OF THE STUDY

1.7         DEFINITION OF TERM

          CHAPTER TWO           

2.1         REVIEWS OF ACCOUNTING POLICIES

2.2         INTERNAL CONTROL SYSTEM REVIEW

2.3         INTERNAL AUDITOR AND THE WATCH DOG ROLE

2.4         ESSENTIAL ELEMENTS OF INTERNAL CONTROL ORGANIZATION PLAN

          CHATPER THREE

3.0         RESEARCH METHODOLOGY

3.1         POPULATION OF THE STUDY

3.2         SAMPLING OF METHOD

3.3          SOURCE OF DATA AND COLLECTIONS TECHNIQUES.

3.4         METHOD OF DATA ANALYSIS

3.5         PROBLEM OF THE STUDY

          CHAPTER FOUR

4.1         DATA ANALYSIS

4.2         INTERPRETATION OF DATA

4.3         INTERPRETATION OF THE FINDING

          CHAPTER FIVE

5.1         SUMMARY

5.2         CONCLUSION

5.3         RECOMMENDATION

          REFERENCE

CHAPTER ONE

1.0         INTRODUCTION

The established of universities constitution part of the infrastructure of the country within which development and the role of accounting is this whole system of control, financial and otherwise established by the organization in an orderly and efficient manner, ensure adherence to management policies, safeguard the asses and secure as for possible the completeness and accuracy of records.

          In order to allow for better administration in the universities, the executive arm of the education administration is divided in appropriate and each is change with specific duties. They are required to render an account of their stewardship on how the assets and obligations of the students, staff and government have been safeguarded.

          The question that readily came to mind is, how far has this stewardship role been performed? Case of embezzlement and misappropriation of public funds are rampart these days. Fraud have taken many forms in this country within the education institution in areas as, financial fraud which include embezzlement of case pure by cashiers ratification or wrongful manipulation of account materials and commercial fraud in state of government properties. Personal fraud include the existence of ghost workers forging of certification and use of workers and university’s time for private jobs while on payroll of two or more determents. Drawing wage cheque for a greater amount than actual wage. Buttering factious names of relating to the name of previous employees on the payroll.