EFFECTIVE AUDITORS, SYSTEMATIC CORRUPTION AND THE EGAD REPORT: THE WAY FORWARD

Authors

  • Lucky Ogbomo Osagioduwa Lighthouse Polytechnic, Abudu, Edo State
  • Uyi Nicholas Lighthouse Polytechnic, Abudu, Edo State
  • Ogudo Oaikhena Solomon
  • Mozie Ebere Philomena Lighthouse Polytechnic, Abudu, Edo State

DOI:

https://doi.org/10.57233/gujaf.v3i2.139

Keywords:

Effective Auditor, Systematic Corruption, EGAD Report

Abstract

This study investigated the effectiveness of the auditors in combating corruption in the south-south and south-east public sector of Nigeria. The study was carried out in Edo, Anambra, Delta, and Enugu, States respectively (covering South-South and South-East Nigeria). Primary data were obtained through structured questionnaire. Survey design was employed in the study. A total of one hundred and two auditors were sampled. Convenient Sampling Technique was employed in selecting the auditors in the four states’ public organisations. Descriptive statistical techniques such as, charts, mean, standard deviation, tables, and percentages response analysis were used in analyzing the data. Cronbach alpha coefficient was used to test for reliability of the research
instrument and the result was (.71). The Pearson Product Moment Correlation Coefficient (PPMCC) was employed in testing the hypothesis. SPSS 23.0 was used. The results revealed that auditors are effective in fighting corruption in the public sector of Nigeria to the extent of their usefulness and practice. The study hereby concluded that auditors have been effective in combating
corruption in the public sector despite the absence of auditor’s independence, threats, and absence of sincere political will to combat corruption in the Nigerian public sector. It was recommended that strengthening auditors’ independence, recruitment of more audit staff, auditors’ yearly rotation, submission of audit report to the anti-corrupt agencies, and increasing accountability
through annual or quarterly preparation of EGAD report.

Author Biographies

Lucky Ogbomo Osagioduwa, Lighthouse Polytechnic, Abudu, Edo State

Accountancy Department,
Lighthouse Polytechnic, Abudu, Edo State Nigeria.

Uyi Nicholas, Lighthouse Polytechnic, Abudu, Edo State

Department of Public Administration
Lighthouse Polytechnic Edo State Nigeria

Ogudo Oaikhena Solomon

Bursary Department NIEPA Nigeria.
Ondo City Ondo State

Mozie Ebere Philomena, Lighthouse Polytechnic, Abudu, Edo State

Department of Business Administration and Management,
Lighthouse Polytechnic, Abudu, Edo State Nigeria

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Published

2022-10-05

How to Cite

Ogbomo Osagioduwa, L., Nicholas, U., Oaikhena Solomon, O., & Ebere Philomena, M. (2022). EFFECTIVE AUDITORS, SYSTEMATIC CORRUPTION AND THE EGAD REPORT: THE WAY FORWARD. Gusau Journal of Accounting and Finance, 3(2), 33. https://doi.org/10.57233/gujaf.v3i2.139