VALUE FOR MONEY AUDIT AND FUND UTILISATION AMONG THE INTERNATIONAL NON-GOVERNMENTAL ORGANISATIONS IN NIGERIA

Audit explosion theory states that audit is no longer a UK phenomenon, but it has spread beyond the UK to other nations of the world, and it is no longer limited to a financial audit but has cut across other areas including value for money. This study examined the effect of value for money audit on funding from donor agencies and fund utilization among selected four international Non-Governmental Organisations. 160 copies of questionnaire were administered to the staff of the organisations but only 116 copies were retrieved and analysed via multiple regression. A structured questionnaire was designed and sent to the staff of the selected organisations. The study found out that value for money audit has a significant effect on funding from donor agencies and fund utilisation.