The Effectiveness of Internal Auditing in Enhancing Revenue Collection in Gombe Local Government Area
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Background of the Study
Internal auditing plays an essential role in public sector organizations by evaluating internal controls, identifying financial risks, and improving efficiency in revenue collection. In Gombe Local Government Area, revenue collection is crucial for financing developmental projects and public services. However, challenges such as inefficiency, corruption, and mismanagement of funds have hindered optimal revenue collection. This study aims to assess the effectiveness of internal auditing in enhancing revenue collection in Gombe Local Government Area and determine how internal audits can contribute to improving financial outcomes.
Statement of the Problem
Although internal auditing is vital for promoting accountability in revenue collection, the system in Gombe Local Government Area faces significant challenges such as weak audit procedures, lack of capacity, and corruption within the revenue collection departments. These challenges undermine the effectiveness of internal audits and prevent optimal revenue generation. This study aims to examine the factors that influence the effectiveness of internal auditing in revenue collection and recommend improvements.
Aim and Objectives of the Study
Aim:
To assess the effectiveness of internal auditing in enhancing revenue collection in Gombe Local Government Area.
Objectives:
To evaluate the role of internal auditing in improving revenue collection processes in Gombe Local Government Area.
To identify the challenges faced by internal auditors in enhancing revenue collection.
To propose strategies for improving internal auditing practices to increase revenue collection efficiency.
Research Questions
How effective is internal auditing in enhancing revenue collection in Gombe Local Government Area?
What challenges do internal auditors face in improving revenue collection processes?
What measures can be taken to improve the effectiveness of internal auditing in revenue collection?
Research Hypotheses
Internal auditing has a significant positive impact on enhancing revenue collection in Gombe Local Government Area.
The effectiveness of internal auditing in revenue collection is limited by challenges such as resource constraints and lack of trained personnel.
Strengthening internal auditing practices will improve revenue collection efficiency in Gombe Local Government Area.
Significance of the Study
This study will provide valuable insights into the role of internal auditing in improving revenue collection in Gombe Local Government Area. It will assist policymakers and auditing professionals in designing strategies to enhance internal auditing practices, leading to better resource mobilization for public projects.
Scope and Limitation of the Study
The study is limited to internal auditing practices and revenue collection in Gombe Local Government Area. Limitations include potential access issues with revenue records and the willingness of local government officials to provide information on audit outcomes.
Definition of Terms
Internal Auditing: The independent evaluation of an organization's internal controls and financial management practices to ensure accuracy and compliance with policies.
Revenue Collection: The process by which government bodies collect taxes, fees, and other forms of income to finance public services.
Public Sector Revenue: The funds collected by government institutions for public expenditures and services.
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