An Empirical Investigation of External Control Institutions on Accounting and Finance: Evidence from Nigeria

Olayeye Aduwo Olola, Clement Olatunji Olaoye


This study examined the effects of external control institutions on Government Accounting finance in some selected local government in Ondo state Nigeria. The researcher investigated four specific objectives; the evaluation of the contribution of external control institutions towards the operation of legislation and regulatory frameworks relating to accountability; the researcher also focused on the effect of external control towards enhancing of financial activities in the selected Local Government Areas. Thirdly, emphasis was on the promotion of accountability. Lastly, the mechanism to strengthen other agencies in fostering accountability in selected Local Government Area was investigated. Data relating to the specific objective of the study were analyzed using Analysis of Variance (ANOVA). Data was run through the use of statistical package for social science (SPSS) WINDOW 16.0. It was discovered that the null hypothesis one and two were rejected in all the selected Local Government Areas of Ondo state while null hypothesis three was accepted to show that there is no significant differences between the external control institutions in effectively eliminating frauds and forgeries. In conclusion, the null hypothesis four shows no significant difference between external controls institutions in providing mechanism to strengthen other agencies in fostering accountability in the selected Local Government Area of Ondo state.  It is therefore recommends that government should put in place various mechanisms that would strengthen other agencies in fostering accountability and would also give room for an effective external control institution in Ondo state.



Accountability, External Control, Institution, Legislation and Regulatory Framework

Full Text:



  • There are currently no refbacks.

Copyright (c)