Open AccessStakeholders Perception of Public Sector Performance Audit
Author(s) -
Ewa Uket E
Publication year - 2022
Publication title -
journal of accounting, business and finance research
Language(s) - English
Resource type - Journals
ISSN - 2521-3830
DOI - 10.55217/102.v14i2.517
Subject(s) - audit , accounting , business , audit evidence , joint audit , internal audit , audit plan , public sector , performance audit , commission , quality audit , chief audit executive , information technology audit , finance , political science , law
This study focused on evaluating public sector audit quality on public expenditure management in Nigeria. Qualitative and quantitative research was applied and data analysed using SPSS and NVivo 10. The F-statistics of 37.611, 27.644 and 27.218 explains the variations as adequate and significant at p <0.000. The R ratios of 0.621, 0.562 and 0.559 indicate significant influence of the audit quality on agencies’ expenditure management. The R-Square values of 0.385, 0.315 and 0.312 public expenditure management is influenced by audit quality. The study found significant relationship between audit qualities, agencies expenditure management, external influences on auditors that impair their independence and highlighted the absence of Audit Commission thus recommended the amendment of the Audit Act to promote yearly mandatory rendition of performance audit that addresses economy, efficiency and effectiveness (3Es) and standardized performance audit guidelines for presenting the audit reports that should be made available curtail non-audit service contracts from Agencies.