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THE EFFECTIVENESS OF AUDIT IN GOVERNMENT PARASTATALS (A CASE STUDY OF ENUGU STATE WATER CORPORATION,ENUGU STATE BROADCASTING SERVICES AND ENUGU STATE LIBRARY BOARD).

ABSTRACT
This study is aimed at identifying the EFFECTIVENESS OF AUDIT IN GOVERNMENT
PARASTSTALS, using Enugu State Water Corporation, Enugu State Broadcasting
services and Enugu State Library board all in Enugu state as a study guide. The
entire work was dividend into five (5) chapters and the data for the study was
collected using both primary and secondary sources, questionnaires, textbooks,
literary materials and journals respectively. The population of the study is 116; while
the sample size was derived using YARO YAMANI 1964 formula and it gave 90.
Thereafter, the data collected were presented in tables, analyzed using percentage
analysis. Then the hypothesis of the study was tested using chi square formula. The
findings of the study was that, there is no effective audit in government parastatals,
because of how often external audit is carried out. There is consistent and effective
internal audit accountable to management. Also, the government influences on
parastatals affect their business objectives. This is observed in the role of decision
taking by the government on public enterprise, which result in delay of job execution.
Finally, the researcher made some useful recommendations to the parastatals that;
when audit function is utilized to ensure the competency of public servants and
improvement in the activities, procedures and administration of public enterprises.
The cry about outright privatization will not be necessary.

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