This research examines the role of accounting in the control of public expenditures in Nigeria, a case study of control bank of Nigeria, Enugu State. The researcher adopted descriptive survey design. The population of the study is the combination of internal audit department staff and accounting department staff making it a total of 41. The research used both primary and secondary source of data. In view of this, three research questions were formulated to generate expected answers. Literal works were reviewed for proper understanding and guidance. Questionnaires, personal interview and observation were used for collect of primary data. Secondary source of data were collect from text books, periodical, articles and journals. Tables and simple percentage were used for data analysis, hypothesis were tested using chi-square statistics. Based on the findings, the researcher found out that few of the staff were not following due accounting principles thereby causing inadequate and improper pursuit of the accounting records Omission of certain book-keeping records, improper audit. The staff and management of central bank of Nigeria has now adopted accounting standard, and the balance of power on NASC, financial analyst government agencies and others. Finally the researcher proffered among other use of accounting principle and standard in the company.

TABLE OF CONTENTS

Title page i
Approval page ii
Dedication iii
Acknowledgement IV
Proposal VI
Table of content vii

CHAPTER ONE
INTRODUCTION
1.1 Background of the study 1
1.2 Statement of problem 5
1.3 Purpose of study 5
1.4 Significance of the study 6
1.5 Research questions 7
1.6 Research hypothesis 7
1.7 Scope and limitation of the study 8
1.8 Definitions of terms 9
References 10

CHAPTER TWO
2.1 Review of related literature 11
2.2 Historical development of CBN
(A public company) 14
2.2.1 Ownership and control of CBN 17
2.2.2 Organization 19
2.3 Nature of accounting principles 23
2.4 Types of accounting principles 24
2.4.1 Factors affecting accounting principles 29
2.5 Budgeting and budgetary control 30
2.6 Standard costing of a tool of control 32
2.7 Role of accounting in public expenditure 37
2.8 Summary 38
References 39

CHAPTER THREE
3.1 Research methodology 40
3.2 Research design 40
3.3 Determination of sample size 40
3.4 Area of study 41
3.5 Population of study 41
3.6 Sample of study 41
3.7 Method of investigation 42
3.8 Method of data analysis 42
3.8.1 sources of primary data 42
3.8.2 Source of secondary data 43
3.9 Development of research instrument 43

CHAPTER FOUR
4.1 Introductions 44
4.2 Presentations of data 44
4.3 Test of hypothesis and interpretation of result 54
4.3.1 Testing the first hypothesis 55

CHAPTER FIVE
5.1 Summary of findings 60
5.2 Conclusion 61
5.3 Recommendation 62
5.4 Recommendation for further 63
Appendix 1 64
Questionnaire 65
Bibliography 68