IJSSER

Title: PUBLIC SECTOR GOVERNANCE AND FRAUDULENT FINANCIAL REPORTING IN TERRITORY INSTITUTIONS IN NIGERIA (TETFUND SPONSOR)
Authors: John E Usifo and Dr. Benjamin Ani
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John E Usifo and Dr. Benjamin Ani Both of the Department of Business Education, College of Education, Igueben, Edo State, Nigeria
MLA 8 Usifo, John E, and Dr. Benjamin Ani. "PUBLIC SECTOR GOVERNANCE AND FRAUDULENT FINANCIAL REPORTING IN TERRITORY INSTITUTIONS IN NIGERIA (TETFUND SPONSOR)." Int. j. of Social Science and Economic Research, vol. 6, no. 11, Nov. 2021, pp. 4323-4348, doi.org/10.46609/IJSSER.2021.v06i11.006. Accessed Nov. 2021. APA 6 Usifo, J., & Ani, D. (2021, November). PUBLIC SECTOR GOVERNANCE AND FRAUDULENT FINANCIAL REPORTING IN TERRITORY INSTITUTIONS IN NIGERIA (TETFUND SPONSOR). Int. j. of Social Science and Economic Research, 6(11), 4323-4348. Retrieved from doi.org/10.46609/IJSSER.2021.v06i11.006 Chicago Usifo, John E, and Dr. Benjamin Ani. "PUBLIC SECTOR GOVERNANCE AND FRAUDULENT FINANCIAL REPORTING IN TERRITORY INSTITUTIONS IN NIGERIA (TETFUND SPONSOR)." Int. j. of Social Science and Economic Research 6, no. 11 (November 2021), 4323-4348. Accessed November, 2021. doi.org/10.46609/IJSSER.2021.v06i11.006.
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Abstract: This study centered on public sector governance and fraudulent financial reporting in territory institutions in Nigeria. The broad objective of this study was to determine the extent to which ineffective internal control, lack of accountability, weakness of audit committee as well as lack of internal audit independence promote fraudulent financial reporting in tertiary institutions in Nigeria. The instrument used for the purpose of this research was gathered through primary source. The researchers administered one hundred (100) questionnaires to respondents comprises of staff (employees) of the University of Benin, Benson Idahosa University, Wellspring University and Federal Polytechnic, Auchi, Edo State. Out of one hundred (100) questionnaires administered, ninety-four (94) were retrieved and were used for the analysis. The hypotheses were tested using Ordinary Least Square (OLS) regression technique. The findings from analysis revealed that the issue of effective internal control should be taken seriously in the tertiary institutions. It is also recommended that large proportions of the members in the audit committee are financially literate in order to reduce the fraudulent financial reporting in the tertiary institutions.

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