The Impact of Risk-Based Auditing on Resource Management in Patigi Local Government Area
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Risk-based auditing is a strategic approach to auditing that prioritizes areas with the highest risk of financial mismanagement, fraud, or inefficiency. In Patigi Local Government Area, risk-based auditing is becoming increasingly important as the local government seeks to optimize resource allocation and minimize waste. This approach allows auditors to focus on high-risk areas, enabling more targeted and effective audits. This study seeks to evaluate the impact of risk-based auditing on resource management in Patigi.
Statement of the Problem
Although risk-based auditing is gaining traction in resource management, there is limited research on its effectiveness in Patigi Local Government Area. Questions remain about how well risk-based auditing identifies resource management issues and its overall impact on improving efficiency. This study will assess how risk-based auditing has been applied in Patigi and its influence on resource management.
Aim and Objectives of the Study
The aim of this study is to assess the impact of risk-based auditing on resource management in Patigi Local Government Area.
The objectives are:
- To evaluate the effectiveness of risk-based auditing in identifying areas of high financial risk in Patigi.
- To assess how risk-based auditing contributes to improved resource management in the local government.
- To identify challenges faced in implementing risk-based auditing in Patigi and recommend solutions.
Research Questions
- How effective is risk-based auditing in identifying areas of high financial risk in Patigi Local Government Area?
- What impact does risk-based auditing have on resource management in Patigi?
- What challenges are encountered in implementing risk-based auditing in Patigi, and how can they be overcome?
Research Hypotheses
- Risk-based auditing is effective in identifying high-risk areas in resource management in Patigi.
- Risk-based auditing positively influences the efficiency of resource management in Patigi Local Government Area.
- Challenges in implementing risk-based auditing hinder its effectiveness in improving resource management in Patigi.
Significance of the Study
This study will provide valuable insights into the role of risk-based auditing in improving resource management. It will contribute to the body of knowledge on auditing practices in local governments, offering recommendations for enhancing auditing practices in Patigi and other similar regions.
Scope and Limitation of the Study
The study will focus on the implementation and impact of risk-based auditing in Patigi Local Government Area. Limitations may include challenges in accessing detailed audit reports or obtaining cooperation from local government officials.
Definition of Terms
- Risk-Based Auditing: An auditing approach that focuses on areas with the highest potential for financial risk or mismanagement.
- Resource Management: The process of planning, allocating, and utilizing resources effectively to achieve organizational goals.
- Financial Risk: The potential for loss or mismanagement of financial resources.
Related Project Materials
MICROBIAL PROFILE OF SUYA MEAT IN ENUGU STATE
ABSTRACT
Ten (10) samples of suya meat in Enugu were collected randomly and analyzed microbiologically and the isolates...
A Study on the Effect of Digital Communication on Nigerian Morphosyntactic Innovation: A Case Study of Twitter Slang
Background of the Study
Digital communication platforms have revolutionized language use, giving rise to innovative lingui...
TEACHER QUALITY AND WORK ENVIRONMENT AS DETERMINANTS OF SECONDARY SCHOOL STUDENTS ACADEMIC PERFORMANCE
ABSTRACT
This study was carried out to examine teacher quality and work environment as determinants of secondary school...
IMPACT OF ORPHANAGE HOME ON THE CHILD’S PERSONALITY DEVELOPMENT
ABSTRACT
Children who grown up in the orphanage home may likely to affected in their culture tradition, and religion are...
An investigation into the implementation of inquiry-based science teaching in Dass LGA, Bauchi State
Background of the Study
Inquiry-based science teaching is a student-centered approach that emphasizes active learning...
The effect of women’s political networks on electoral success in Zuru Local Government Area, Kebbi State
Background of the Study
Women’s political networks play a crucial role in the success of female politicians, particul...
The Role of Public Sector Accounting in Monitoring Student Loan Disbursements in Nigeria: A Case Study of the Nigeria Education Bank
Background of the Study
Student loans are an essential form of financial support for students pursuing...
An Assessment of WhatsApp Chat Language on Nigerian Semantic Shifts: A Comparative Study of Youth Interactions
Background of the study
WhatsApp has become an integral communication tool among Nigerian youth, fostering...
Design and Implementation of an AI-Based Lecture Hall Energy Consumption Optimization System in University of Maiduguri, Borno State
Background of the Study
As universities strive for sustainability, reducing energy consumption in lecture halls has become a priority. Tr...
An appraisal of digital transformation trends on operational excellence in banking: a case study of Co-operative Bank of Nigeria
Background of the Study
Digital transformation has become a strategic imperative for banks seeking to improve operational e...
