VALUE FOR MONEY AUDIT: APPLICATION AND CHALLENGES IN THE NIGERIAN PUBLIC SECTOR

Akindejoye, John Adetunji (2016) VALUE FOR MONEY AUDIT: APPLICATION AND CHALLENGES IN THE NIGERIAN PUBLIC SECTOR. AAU Annuals of Accounting, Educational & Social Research, 3 (1). pp. 1-11. ISSN 2408-6347

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Abstract

Value for money (VFM) audit is a recent role given to auditors in very many countries of the world to look into the economy, efficiency and effectiveness of government spending. Although the office of the auditor-general of Nigeria practices it, but lack of enabling law and political will have not made VFM audit to yied the desired results. This paper examined relevant concepts, theories of auditing, some empirical evidence, the applications and challenges and recommended that Nigerian should fully embrace Value for Money Audit to check corruption and wastage.

Item Type:	Article
Uncontrolled Keywords:	Value For Money, Public Sector Auditing and Agency Theory
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance H Social Sciences > HJ Public Finance
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Mrs Oluwafunmilola Bankole
Date Deposited:	29 Jun 2020 15:53
Last Modified:	29 Jun 2020 15:53
URI:	http://eprints.abuad.edu.ng/id/eprint/779

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