EXTENT OF MANAGERS’ COMPLIANCE WITH INTERNAL AUDIT GUIDELINES FOR STAFF ADVANCES AND DEBTORS IN PUBLIC AND PRIVATE COLLEGES OF EDUCATION IN SOUTH EAST, NIGERIA.

EXTENT OF MANAGERS’ COMPLIANCE WITH INTERNAL AUDIT GUIDELINES FOR STAFF ADVANCES AND DEBTORS IN PUBLIC AND PRIVATE COLLEGES OF EDUCATION IN SOUTH EAST, NIGERIA.

Abstract:
This study examines the extent of managers' compliance with internal audit guidelines for staff advances and debtors in public and private Colleges of Education in the South East region of Nigeria. It investigates the adherence of college managers to established internal audit procedures and controls in managing staff advances and monitoring debtors.

The research employs a mixed-methods approach, combining qualitative and quantitative techniques. Primary data is collected through structured questionnaires administered to managers responsible for financial management in the selected colleges. Additionally, interviews are conducted with key personnel involved in internal audit functions.

The study reveals the current state of compliance with internal audit guidelines regarding staff advances and debtors in public and private Colleges of Education in the South East region. It examines the effectiveness of internal audit procedures, including the documentation and authorization processes, monitoring mechanisms, and reporting systems.

The findings indicate that both public and private colleges display varying levels of compliance with internal audit guidelines. Factors influencing compliance include organizational culture, management commitment, availability of resources, and awareness of internal audit policies. The study identifies challenges faced by managers in implementing and enforcing internal audit guidelines and highlights potential areas for improvement.

The implications of the study underscore the importance of effective internal audit practices in ensuring transparency, accountability, and financial control within Colleges of Education. The research provides insights that can guide policymakers, college administrators, and internal auditors in enhancing compliance with internal audit guidelines, thereby mitigating the risk of financial mismanagement, fraud, and debt default.

To foster improved compliance, the study recommends the development of comprehensive internal audit frameworks tailored to the unique needs of Colleges of Education. It suggests the provision of training programs and capacity-building initiatives for managers and staff involved in financial management processes. Additionally, the study advocates for periodic reviews and evaluations of internal audit systems to identify gaps and implement corrective measures.

Keywords: compliance, internal audit, guidelines, staff advances, debtors, Colleges of Education, South East Nigeria.

TABLE OF CONTENTS

Title Page                                                                                  i

Declaration                                                                                ii

Approval Page                                                                           iii

Dedication                                                                                  iv

Abstract                                                                                     vi

Table of Contents                                                                      vii

CHAPTER ONE: INTRODUCTION

1.1    Introduction                                                 1

1.2  Background of the study       3

1.3    Statement of the General Problem                                  4

1.4    Objective of the study                                                       5

1.5    Significance of the study                                                  5

1.6    Statement of hypothesis                                                   6

1.7    Scope of the study                                                             6

1.8    Limitation of the study                                                     7

1.9    Definition of terms                                                            7

CHAPTER TWO: LITERATURE REVIEW

2.0    Introduction                                                                      9

2.1    Review of related literature                                             9

2.2    Theoretical framework

2.3    Summary of review                                                           33

CHAPTER THREE: RESEARCH METHODOLOGY

3.1    Introduction                                                                      35

3.2    Research design                                                                35

3.3    Area of study                                                                    35

3.4    Population of the study                                                    36

3.5    Sample size                                                                       36

3.6    Instrument for data collection                                          36

3.7    Reliability of the instrument                                            37

3.8    Validity of the Instrument                                               38

3.9    Method of data Collection                                                 38

3.10  Method of Data Analysis                                                  39

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

4.1    Introduction                                                                      41

4.2    Characteristics of the respondents                                   41

4.3    Presentation of Data Analysis                                         43

4.4    Discussion of Findings                                                     48

4.5    Summary of findings                                                        49

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1    Summary                                                                          51

5.2    Conclusion                                                                        52

5.3    Recommendation                                                              53

Biography                                                                         54

Appendix                                                                           56

EXTENT OF MANAGERS’ COMPLIANCE WITH INTERNAL AUDIT GUIDELINES FOR STAFF ADVANCES AND DEBTORS IN PUBLIC AND PRIVATE COLLEGES OF EDUCATION IN SOUTH EAST, NIGERIA. GET MORE EDUCATION PROJECT TOPICS AND MATERIALS   

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