APPRAISAL OF PUBLIC SECTOR AUDIT AND FINANCIAL PERFORMANCE OF PUBLIC HEALTH INSTITUTIONS IN RIVERS STATE

Abstract

“The study examined public sector audit and financial performance of public health institutions in rivers state. In determining this, the study focused on attaining the following purposes; to determine the relationship between financial audit and return on assets in public health institutions in Rivers state, also to determine the relationship between financial audit and revenue generation in public health institutions in Rivers state. Again, to determine the relationship between value for money audit and return on assets in public health institutions in Rivers state. And to state the relationship between value for money audit and revenue generation in public health institutions in Rivers state. The research adopted descriptive survey research design. The population for this study was eight hundred and forty three (843) and a sample size of two hundred and seventy-two (272) knowledgeable and competent staff (top administrative or management staff, middle administrative or management staff and low administrative or management staff) of the selected public health institutions in Rivers state, Nigeria. The study used questionnaire instrument, and data were analyzed in the Statistical Package for Social Sciences (SPSS) Version 22. The research questions were analyzed using mean and standard deviation and hypotheses were tested using Simple bivariate regression analysis at a significance level of .05.  The results of the findings showed that there was a very strong positive significant relationship between financial audit and return on assets of public health institutions in Rivers state, also that, there was a strong positive significant relationship between financial audit and revenue generation in public health institutions in Rivers state, and hypothesis three also revealed a strong positive significant relationship between value for money audit and return on assets in public health institutions in Rivers state, while hypothesis four revealed a positive significant relationship between value for money audit and revenue generation in public health institutions in Rivers state.