Effect of Internal Audit Function on Public Sector Accountability in Southwest, Nigeria


  • Gideon Tayo Akinleye Ekiti State University
  • Akinduro Adesola Ogunmakin Ekiti State University


Claims settlement, risk attitudes, motor insurance policyholders, rational choice theory, Nigeria


This research analyzes the effects of the internal audit function on public sector accountability in the southwest of Nigeria, and specifically, the study assesses the impact of technical skills on public sector accountability in Nigeria, the Southwest. The study used primary data collected by administering the formal questionnaire. The results were obtained from a cross-sectional sample of public sector organizations, mostly local authority institutions. The population for the survey included the local authorities in Southwest Nigeria. Ondo State and Ekiti State were selected due to the availability of sufficient knowledge and ease of access. The data was analyzed using the multiple regression analysis method. The findings reveal that there is a negative and important 5% meaning association between INA and PAC dependent on standardized coefficients (-0.199) and the chance value (0.042). In addition, there is a large negative 5% COMP/PAC association dependent on standardized coefficients (-0.506) and a chance value (0.000). The analysis thus concluded that the internal audit service is insufficiently impartial to foster transparency in the public sector. This means that certain measures or method of intervention with the internal audit department's operations still remain.

Author Biographies

Gideon Tayo Akinleye, Ekiti State University

Department of Accounting, Faculty of Management Sciences

Akinduro Adesola Ogunmakin, Ekiti State University

Department of Accounting


Adegbite,E.O. (2010). Accounting, Accountability and National Development,Nigerian Accountant, 43(1), 56-64.

Adeyemi,F.K.., &Olarewaju, O.M (2019). Internal Control System and Public Accountability:

An investigation into Nigerian South-West Public Sector, ActaUniversitasisDanubiusEconomica, 15(1), 134- 150.

Asaolu, T. O., Adedokun, S. A., &Unam, M. J. (2016). Promoting Good Governance through

Internal Audit Function( IAF): The Nigerian Experience. International Business Research, 9(5), 196 – 204, doi:10.5539/ibr.v9n5p196.

CIPFA (2006). Code of Practice for Internal Audit in Local Government in the United Kingdom.

London: The Chartered Institute of Public Finance and Accountancy

Cohen, A, &Sayag, G. (2010). The Effectiveness of Internal Auditing: An Empirical

Examination of its Determinants in Israeli Organizations. Australian Accounting Review, 54 (20), 296-307.

Dowdall,J. (2003). Audit and Accountability in government. Report of a Joint Seminar organized

by Institute of Governance and Economic and Social Research Council of Northern Ireland, 1-2 .

Deloitte, N.(2010). The impact of Public Sector Audit and Financial Control Systems in Funds,

Journal of Economics and finances, 1(2), 11-21

Downer, A. (2000). Good Governance: Guiding Principles for Implementation. Canberra:

USAID. 12-17

Ede-Anigbogu.J.K. (2008). Audit and Investigation. Unpublished lecture Material

Egbunike, P.A., &Egbunike, F.C (2017). An empirical examination of challenges faced by Internal auditors in public sector in south-eastern Nigeria. Asian Journal of Economic, Business and Accounting, 3(2), 1-13

Ejere, E. S. (2012). Promoting Accountability in Public Sector Management in Today’s Democratic Nigeria. Tourism and Management Studies International Conference, 3, 953-964.

El-Nafbi, H.M. (2008). The role of Public Sector Audit and Financial Control Systems in

Safeguarding Public Funds in Sudan,Journal of Economics and Administration, 2(1), 1-11.

Emmanuel, O.E., Ajanya,M.A.,&Audu, F. (2017). An assessment of Internal control on Efficiency of public sector in Kogi State Nigeria,Mediterranean Journal of Social Sciences, 4(11), 717 -726

Enofe,A.O., Mgbame,V.E., and Ehiorobo,A.J. (2013). The role of Internal Audit in Effective Management in Public Sector. Research Journal of Finance and Accounting.4(6)

Fajar, S., &Mulyasan, E. (2018). Internal Audit: Reporting Relationship in Ethiopian Public Enterprises. International Journal of Auditing and Finance, 1(2), 12-23.

Gwilliam, D., & El-Nafabi, H. (2002). The Possibility of Transition to Public Sector Modern Auditing Techniques and Procedures found in Developing Countries; The Case of Sudan. Accounting Research, the Saudi Accounting Association, 6(2), 161-196.

Ibrahim, J., Adeyemi, A.O.,&Ayeni, A.P. ( 2016). Critical Evaluation of Accounting System in Tertiary Institutions in Osun State, Nigeria. Journal of Economics and SustINABLE Development, 3(7), 63-70

IIA (2006). Code of Practice for Internal Audit in Local Government in the United Kingdom.London: The Chartered Institute of Public Finance and Accountancy, 12-18

Kuta, H. I. (2008). Effectiveness of Auditing for Proper Accountability in Nigerian Local Governments. Social Science Research Network. Available online at https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm? per_id=1594999#show1955528

Kpurugbara, N., Akpos Y.E., Nwiduuduu V.G., & Tams-Wariboko I. (2016). Examination of auditing practices and procedures in the Nigerian local government service system-A study of selected LGAS in Rivers-State. International Journal of Research, .3(1), 967-73


Laxmikanth, M. (2006). Public Administration. New Delhi: Tata McGraw Hill Publishing Company Limited.

Mu’azu, S.B.(2012. The role of Internal Auditors in ensuring Financial control at Locsl Government level: The case of Akaleri Local government,BauchiState.Research Journal of Finance and Accounting,3 (4)

Mu’azu,S.B., &Siti,Z,S.(2014). Internal Audit effectiveness:Data Screening and Preliminary Analysis. Asian Social Science,10 (10),DOI:10.5539/ass.v10n10p76

Mu’azu,S.B., &Siti,Z,S.(2014). Empirical evidence of antecedents of internal audit effectiveness from Nigerian Perspective. Middle East Journal of Scientific Reaseach 19 (4).460 – 471, DOI:10.5829/idosi.mejsr.2014.19.4.1783

Miller,D.K. (2007). Documenting Internal controls from theory to Implementation. Retrieved http://cocubi.org/pdf/2007/

Muhammed, A. I. (2015). The impact of board characteristic on corporate social responsibility disclosure: Evidence from Nigeria food product firms. International Journal of Management Science and Business Administration, 1(2), 34-45.

Mulugeta, S. (2008). Internal Audit: Reporting Relationship in Ethiopian PublicEnterprises. M.Sc. Dissertation. Ethiopia: Addis Ababa University.

Nkoma, N. (2004). The Role of Accountability in Public Administration. In S. Odion-Akhaine, Governance: Nigeria and the World (ed.). Lagos

OECD. (2004). The OECD Principles of Corporate Governance

Preston, L. (1992). Forward. In World Bank (Ed.), Governance and Development. Washington DC: World Bank. 27-36

Rahmatika, D. N. (2014). The Impact of Internal Audits Function Effectiveness on Quality of Financial Reporting and its Implications on Good Government Governance Research on Local Government Indonesia. Research Journal of Finance and Accounting, 5(18), 64-75.

Rouse, J. (1997). Resources and Performance Management in Public Service Organizations. Management in the Public Sector: Challenge and Change (ed.). London: Thomson International. 23-7

Lawton, A., & Rose, A. (1994). Organization and Management in the Public Sector. London: Macmillan. 12-16

Therofanis, J. (2011). Effect of Internal Audit on Public Accountability in Public Institutions,

International Journal of Finance and Management, 2(4), 10-23.

Therkildsen, O. (2001). Efficiency, Accountability and Implementation: Public Sector Reform in

East and Southern Africa. Geneva: United Nations Research Institute for Social Development (UNRISD).

Unegbu, A. O., & Kida, M. I. (2011). Effectiveness of Internal Audit as Instrument of Improving Public Sector Management. Journal of Emerging Trends in Economics and Management Sciences, 2 (4), 304-309.

Unegbu, A. O., & Obi, B. C. (2007). Auditing. Enugu: Hipuks Additional Press.




How to Cite

Akinleye, G. T., & Ogunmakin, A. A. (2023). Effect of Internal Audit Function on Public Sector Accountability in Southwest, Nigeria. The Journal of Accounting and Management, 13(2), 7–17. Retrieved from https://dj.univ-danubius.ro/index.php/JAM/article/view/2354