THE ROLE OF FINANCIAL ACCOUNTABILITY IN THE PRIVATE SECTOR

ABSTRACT

Accountability is the sole of any business entity.  The main aim of any business is profit maximization.  This can be achieved if the financial mismanagement is properly examined. Emenite limited Enugu is a company, which concentrates much on the manufacturing and distribution of ceiling boards, corrugated roofing sheets, roofing tiles, flower pots and pressure pipes. In view of different scholars has been established by the researcher, the role of financial management is very important.  In every organization especially the private ones, since the efficient management will lead to the attainment of organizational objectives. A general background of the topic and the background of the company will be discussed also the statement of problem, objectives of the study, formulation of hypothesis, significance and definition of terms. The related text as regard financial accountability will be reviewed, this will discuss the notion of financial accountability, the network of internal control system, internal checks and auditing practices responsibility sharing as a control ins the private sector of Nigeria economy, accountability and general economic growth and enhancing financial accountability by human resources.

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