Auditors’ Assurance Services: Tools for Information on Project Execution and Risk Management in Public Sector of Nigerian Economy (Published)
The study examined the role of audit firms in providing valuable information for project execution and risk management in the public sector of the Nigerian economy. The aim was to investigate the impact of auditing and assurance services of auditors (predicator variables) on project delivery (dependent variables). Data for the study were obtained through questionnaire administered on 350 top government officials at state and local government councils in Gombe, Nasarawa and Kogi states. The questionnaire was designed to reflect five (5) Likert scale. Response from 227 respondents representing approximately 65 percent responses rate were empirically analysed using multiple regression with diagnostic test of the predicator variables carried out using multicolinearity test. The result of the analysis suggests that the independent variables of the study have significant impact on the dependent variable. The study recommends engagement of independent audit firms by government officials in their project initiation and implementation programmes for the impactful nature of the services of auditors in public project execution and expenditure management there on.