Abstract
This paper examines the effect of public account committee (PAC) on accountability of Nigerian public sector financial management. It specifically investigates the effect of PAC functionality viz; independence, report and composition on accountability of financial management in Nigerian public sector. The paper used survey design to source data from selected federal ministries. Data collected were analyzed using descriptive statistics, test for nature and normality of variables, Pearson correlation matrix was used to check for multi colinearity among the variables. The multiple regression which is estimated with the binary logit were employed to test the hypotheses. The results revealed that PAC independence and composition has positive significant effects on accountability of Public sector financial management, while PAC report has positive effect on accountability but not significant. Based on the findings, we recommended that government should work in accordance with the transparency theory, which made it known that transparency co-exist accountability and trusts, but these trusts must be subjected to verification. Also, government should always ensure that every accounts and trusts in the public sector must at all-time, undergo audit procedures then the final examination of PAC in legislature.
JEMANUS, K., , E & A., N (2018). EFFECT OF PUBLIC ACCOUNTS COMMITTEE ON ACCOUNTABILITY OF PUBLIC FINANCIAL MANAGEMENT. Afribary. Retrieved from https://tracking.afribary.com/works/effect-of-public-accounts-committee-on-accountability-of-public-financial-management
JEMANUS, KANEME, et. al. "EFFECT OF PUBLIC ACCOUNTS COMMITTEE ON ACCOUNTABILITY OF PUBLIC FINANCIAL MANAGEMENT" Afribary. Afribary, 07 Jun. 2018, https://tracking.afribary.com/works/effect-of-public-accounts-committee-on-accountability-of-public-financial-management. Accessed 09 Nov. 2024.
JEMANUS, KANEME, Emeka-Nwokeji and N. A. . "EFFECT OF PUBLIC ACCOUNTS COMMITTEE ON ACCOUNTABILITY OF PUBLIC FINANCIAL MANAGEMENT". Afribary, Afribary, 07 Jun. 2018. Web. 09 Nov. 2024. < https://tracking.afribary.com/works/effect-of-public-accounts-committee-on-accountability-of-public-financial-management >.
JEMANUS, KANEME, Emeka-Nwokeji and N. A. . "EFFECT OF PUBLIC ACCOUNTS COMMITTEE ON ACCOUNTABILITY OF PUBLIC FINANCIAL MANAGEMENT" Afribary (2018). Accessed November 09, 2024. https://tracking.afribary.com/works/effect-of-public-accounts-committee-on-accountability-of-public-financial-management