The Effect of External Audits on Financial Transparency in Nigerian Public Institutions: A Case Study of the Federal Ministry of Health
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
External audits are a critical tool for promoting financial transparency and accountability in public institutions. They provide an independent assessment of financial operations, ensuring compliance with regulations and uncovering irregularities. In Nigeria, the Federal Ministry of Health handles significant funds for public health programs, making financial transparency essential for achieving its objectives (Akinyemi & Olawale, 2024).
The increasing demand for transparency in public institutions has brought external audits into sharper focus. These audits contribute to strengthening public trust, improving financial management, and reducing corruption (World Bank, 2025). This study examines the effect of external audits on financial transparency in the Federal Ministry of Health, highlighting their impact and challenges.
Statement of the Problem
The Federal Ministry of Health has faced allegations of financial irregularities, including misappropriation of funds and lack of accountability in project implementation. Despite the presence of external audit mechanisms, these issues persist, raising concerns about the effectiveness of these audits (Adetunji & Bello, 2023).
This study investigates the role of external audits in promoting financial transparency in the Ministry, identifying gaps in current practices and recommending improvements.
Objectives of the Study
-
To assess the impact of external audits on financial transparency in the Federal Ministry of Health.
-
To identify challenges affecting the effectiveness of external audits in the Ministry.
-
To recommend strategies for improving external audit practices in public institutions.
Research Questions
-
What is the impact of external audits on financial transparency in the Federal Ministry of Health?
-
What challenges affect the effectiveness of external audits in the Ministry?
-
What strategies can improve external audit practices in public institutions?
Research Hypotheses
-
External audits significantly enhance financial transparency in the Federal Ministry of Health.
-
Challenges in external audit practices negatively impact their effectiveness in the Ministry.
-
Improved external audit practices will strengthen financial transparency in public institutions.
Scope and Limitations of the Study
This study focuses on the effect of external audits on financial transparency within the Federal Ministry of Health. Limitations may include restricted access to audit reports and the reluctance of officials to disclose relevant information.
Definitions of Terms
-
External Audit: An independent examination of financial records conducted by external auditors to ensure compliance and transparency.
-
Financial Transparency: The openness and accessibility of financial information for public scrutiny.
-
Public Institution: Government entities responsible for delivering public services and managing public resources.
Related Project Materials
SOURCES OF FINANCING BUSINESS ENTERPRISE IN NIGERIA IN SMEDAN (SMALL AND MEDIUM ENTERPRISE DEVELOPMENT AGENCY OF NIGERIA) LAGOS ZONAL OFFICE
ABSTRACT
This study examines SME financing in Lagos, Nigeria, with a specific focus on the perspectives...
INFORMATION TECHNOLOGY AND SERVICES DELIVERY IN TERTIARY HOSPITALS IN RIVERS STATE USE CORRELATION AND REGRESSION ANALYSIS TO TEST THE HYPOTHESES
Statement of the Problem
World Bank (2003) and Wilson and Wong, (2007) have reported on information technology use...
An Appraisal of Celebrity Endorsements in Enhancing Brand Recognition: A Case Study of MTN Nigeria in Gombe State
Background of the Study
Celebrity endorsements leverage the influence and popularity of public figures to promote brands...
THE ROLE OF CENTRAL BANK OF NIGERIA IN THE DEVELOPMENT OF NIGERIA ECONOMY (A case study of Central Bank of Nigeria, Kaduna Branch)
ABSTRACT
This research work is aimed at the examination of the role of central bank of Nigeria in t...
TELEVISION BROADCASTING, REALITY TV SHOWS AND MORAL DEVELOPMENT OF NIGERIA YOUTHS
ABSTRACT
This study was carried out on television broadcasting, reality TV shows and moral development of Nigeria youths...
An examination of community-based forest conservation efforts in Boki Local Government Area, Cross River State
Background of the study
Community-based forest conservation has become a vital approach to preserving biod...
An assessment of community policing and urban crime prevention in Yenagoa Local Government Area, Bayelsa State
Background of the Study
Community policing in Yenagoa has emerged as a pivotal strategy to combat urban crime and foster c...
An Appraisal of the Role of Traditional Birth Attendants in Family Planning Education in Jigawa State
Background of the Study
Traditional Birth Attendants (TBAs) play a significant role in maternal and chi...
The Impact of E-Health Policy Adoption on Healthcare Delivery in Kwara State
Background of the Study
E-health policies aim to integrate digital technology into healthcare systems t...
The Effect of Poverty on HIV/AIDS Prevalence in Adamawa State
Background of the Study
Poverty is a significant determinant of health outcomes, and...
