IMPACT OF AUDITING IN ORGANIZATIONAL BUREAUCRACY FOR PRINCIPALS EFFECTIVE FINANCIAL MANAGEMNT IN SECONDARY SCHOOLS IN IMO STATE, NIGERIA

Isinka, Nkeiruka Agnes and Ekeh, Camillus Ugochukwu
Volume 8 Issue 1

Abstract

This study surveyed the Impact of auditing in Organizational Bureaucracy for Principals’ effective financial management of finance and school plants/facilities in secondary schools in Imo- State, Nigeria. The study aimed at ascertaining the impact of auditing in a bureaucratic setting like the school on two basic functional areas of principal’s managerial effectiveness which includes; Management of school plants/facilities and Management of School Finance and how it impacts their financial managerial functions. To guide this study, two research questions were asked and two hypotheses were tested. The study population was 274 Principals in the six Education Zones controlled by SEMB in Imo State. A stratified proportional random sampling procedure was adopted for the selection of the 55 sampled size of this study. The study under investigation utilized Principals Effective Financial Management Questionnaire (PEFMQ.) in eliciting data. The data collected were analyzed using the descriptive statistics of Mean and Standard Deviation. t-test was used to test the significance relationship. The findings revealed that there are negative impacts of Bureaucracy in school management in the two area task in secondary schools in Imo state which influences the principals’ managerial functions in the area of management of school finance and management of school plants/facilities. Based on the findings, it is recommended that there is need to review the Weber’s Bureaucratic Model in school management “rationality” based on the discoveries of scholars who highlighted the needs to make amendments for the smooth running of secondary education in Nigeria and Imo state in particular. Keywords: Principals, Organizational Bureaucracy, Auditing, Principals Financial Management and School Plants/Facilities. 1. Introduction Historically, the concept of audit has served as a simple administrative procedure comprised mainly of checking documents, counting assets, and reporting to board of directors, management or external auditors. In recent times, however, a combination of different forces has led to a quiet revolution of the profession. The concept of audit refers to an independent, objective assurance and consulting activity designed to add and improve an organization‟s operations (Dawuda, 2014). It helps an organization to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management control, and governance processes (Musa, 2015). Both public and priva

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