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INFLUENCE OF ACCOUNTANT IN THE
IMPLEMENTATION OF BEST PRACTICE IN GOVERNMENT ORGANISATION
CHAPTER ONE
INTRODUCTION
1.1
BACKGROUND OF THE STUDY:
Corruption
and looting of public treasury is a major problem in the public sector
accounting. Report from office of statistics Lagos show that our accounting
records are balanced in arrears and our financial records are hardly balanced
daily, weekly, quarterly, half-yearly and yearly basis as appropriate. This was
evidenced by Chief Olusegun Obasanjo during his first maiden address to the
nation immediately he was sworn-in as the President of the federal republic of
Nigeria on the 29th day of May 1999. He stressed that accountability, probity
and transparency has suffered a lot set-back especially in the civil service.
He therefore suggested that some of the best ways to eliminate this ill in the
Nigerian public service are;
The
effective use of public accounts;
The use of
effective legislation;
The
effective implementation of government policies programs;
The
effective use of auditors of the federal republic of Nigeria among others.
He therefore
concluded by saying “when we consider how the public accounting and auditing
can grow and develop, we are concerned not only with helping the public
accountant or the auditor fill their position, but also with helping the whole
economy and
the organizational structure grow and develop” (Obasanjo). The concept should
therefore make it wise for us to look more closely at the relationship between
Nigeria and other countries of the world. And for Nigeria to be recognized as a
corrupt-free economy, the accounting profession must be in a position to
balance the financial records of the federal government daily, weekly, monthly,
quarterly, half yearly or yearly basis. This is because members of the public
and the international community want to see results, see the economy grow and
the professions produce the final output.
The same
goes for other facts of the economy as indicated above. The military system of
administration should be thrown to the winds as we have evolved democracy like
other developed countries of the world such as United State of America, United
Kingdom etc. It was in an attempt to analyze the import of the president‟s
address on the 29th May, 1999 that this topic, “the impact of accountant in the
implementation of accountability, probity and transparency in the federal civil
service” comes to mind.
1.2
STATEMENT OF THE PROBLEMS:
1. Financial
records do not reflect the true and fair view of the accounting records due to
the corrupt society.
2. Budgets
are never reviewed in time and derivations are not investigated to ensure
prompt remedial action which will re direct and re orientates plans towards
budgeted levels.
3. The
threat to the continual production of qualified accountants who will replace
other retrieving hands. The system forms a number of factors like inadequate
infrastructures e.g. training materials, library facilities‟ computers etc.
necessary for programs thereby leading to a very poor and unrealistic
remuneration paid to the practicing accountant in form of salary.
4. Funds are
not judiciously expended for the purposes they were outlined for.
5. Another
shortcoming is the quota system in the federal services; the quota system has
introduced mediocre and unethical practices in the accounting profession in a
bid to fill in vacant positions in the federal civil services.
1.3 THE
OBJECTIVES OF THE STUDY
i. To
examine the financial records if it shows a true and fair view
ii. To
analyze or investigate the budget before they are passed on
iii. To know
whether the distribution of funds and resources are judiciously expended
1.4 RESEARCH
QUESTIONS
1. Has
accountants help to review the financial statement if shows a true and fair
view
2. Do
accountants help in analyzing the budgets before they are passed on
3. Do
accountants help in ensuring that the distribution of finds and resources are
judiciously expended.
1.5
HYPOTHESES
Ho:
accountants do not help to review the financial statement to show a true and
fair view
Hi:
accountants help to review the financial statement to show a true and fair view
Ho:
Accountants do not help in analyzing the budget before they are passed on
Hi:
accountants help in analyzing the budget before they are passed on
1.6
SIGNIFICANCE OF THE STUDY
This study
will be of immense help to the policy makers in the federal civil service of
Nigeria who will be able to know and assert the adequate role of the public
accountant in the service with a view to showing up the programs of
accountability, probity and transparency of the present administration.
“Nigeria”
for the purpose of this paper means” the Federal Republic of Nigeria including
any area outside the territorial waters of the Federal Republic of Nigeria
which in accordance with international law has been or may hereafter be
designated under the laws of the Federal Republic of Nigeria concerning the
continental shelf, as an area within which the rights of the Federal Republic
of Nigeria with respect to the sea-bed and subsoil and their natural resources
may be exercised.” Constitution of the Federal Republic of Nigeria (1999).
The policy
makers should see the public accountants as playing the role of a coach who
exposes the skills and tactics and allows the players to play the game. This is
because in everything an individual or a group of individuals in varying
professions, do, there is a reason and purpose. For example, in a private
organization this reason or purpose is referred to as an objective or goal.
Therefore, government (public service) whose realm of operation is popularly
referred to as the public sector has as its objective the governance of her
people. This implies the tremendous responsibility to resources and allocates
same towards fostering
economic
growth and improving the standard of living of the citizens of the nation.
Again government is empowered by the laws of the land (constitution) to engage
in contractual arrangements for the purpose of increasing the resources
available to her in order to meet the requirements of governance, since it
holds the wealth of her nation in trust for that nation. To this extent, the
government of a nation owes her citizens the duty to account for the
stewardship in the effective disposition of the resources entrusted to her
(This is accountability).
For the
government or the public sector to discharge her responsibility or stewardship
effectively, there is the need to maintain proper records of the value of all
programs, activities and services, synthesize and analyze the effect of
government financial transaction, classify, summarize and communicate such
information for purposes of future decision-making or assessment of
performance.
1.7 SCOPE OF
THE STUDY
For the
purpose of this study, the ways of improving the influence of accountants in
the office of the accountant general for the federation (OAGF) as well as the
influence of accountants in the implementation of best practice in government
organization will be a focused point in this study.
1.8
LIMITATIONS OF THE STUDY
The
limitations involved in the course of this research included hostility and
non-cooperation on the part of some of the respondents, and also the constraint
of time was a limiting factor in the course of writing this work.
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