EFFECT OF TREASURY SINGLE ACCOUNT ON ACCOUNTABILITY AND TRANSPARENCY OF TERTIARY INSTITUTIONS IN ANAMBRA STATE, NIGERIA
Keywords:Accountability, Fraud, Fraudulent Practices, Transparency, Treasury Single Account
The study examined the effect of adoption of Treasury Single Account on accountability and transparency in tertiary institutions in Nigeria. The study equally determined the extent to which the adoption of Treasury Single Account helps to control fraud and fraudulent practices in tertiary institutions in Anambra state. The research design adopted for this study is the survey design. The population of this study comprised 490 Bursary staffs of three (3) selected tertiary institutions in Anambra State which included Nnamdi Azikiwe University Awka, Federal Polytechnic Oko and Federal College of Education Technical Umunze. A survey instrument was administered on a sample of 220 respondents obtained using Taro Yamane formula for sample size determination. To analyze the primary data collected, descriptive statistics and inferential statistics were employed with the aid of Statistical Package for Social Science (SPSS) software (Version 22). Spearman Ranked Order Correlational Analysis was applied in testing the hypotheses of the study. The study found the following: Treasury Single Account adoption has a significant positive influence on the accountability of public funds in Tertiary Institutions in Anambra State (rho = 0.558, p-value = 0.000); Treasury Single Account adoption has significantly improved transparency in public fund management in tertiary institutions in Anambra State (rho = 0.433, p-value = 0.000); Treasury Single Account has a significant role in controlling fraud and fraudulent practices in tertiary institutions in Anambra State (rho = 0.191, p-value = 0.006). In conclusion, the TSA system contributes to a more responsible and efficient utilization of public funds by enabling better fund management, providing greater visibility, and establishing stringent controls. It was recommended that public institutions should conscientiously implement and effectively utilise the TSA system to maintain transparency and strengthen financial oversight
How to Cite
Copyright (c) 2023 Journal of Global Accounting
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Articles submitted to JOGA should not have been published or are currently under review by another Journal. Kindly see the guide for the preparation of the manuscript for details. Successful submission of articles by author(s) for publication clearly implies that the work is not an infringement of any existing copyright warranty as JOGA reserves the right to be indemnified by the author(s) where any breach of such warranty is proven. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of JOGA once published unless otherwise agreed.
Permission clearance should be obtained by the author(s) where applicable for the use of any content of interest not originally created by them. This must be done before the submission of the article to JOGA. Failure to do so may lead to a lengthy delay in publication, as JOGA is unable to publish any article which has permissions pending. Thus, the rights JOGA requires are:
- Non-exclusive right to reproduce the material in the article or book chapters.
- Print and electronic rights.
- To use the material for the life of the work (for instance, there should be no time restrictions on the re-use of material).
Where tables, figures or excerpts of more than 250 words are reproduced from another source, it is expected that:
- Author(s) should obtain the necessary written permission in advance from any third-party owner of the copyright for the use in print and electronic formats of any of their text, illustrations, graphics, or other material in their manuscript. Permission must also be cleared for any minor adaptations of any work not originally created by the author(s). The author (s) should not assume that any content freely available on the web is free to use.
- Where the author adapts a significant number of any material, the author(s) must inform the copyright holder of the original work.
- Author obtains any proof of consent statements
- The author must acknowledge figure(s) and content adopted or adapted in work utilizing source(s) and further capture them in the list of references.