BUSINESS AND FINANCE JOURNAL

EFFECT OF PUBLIC ACCOUNT COMMITTEES (PACs) ON ACCOUNTABILITY AND TRANSPARENCY IN PUBLIC EXPENDITURE OF OSUN STATE

Olagunju Adebayo,,, Bamigboye O. Adex, Adegbola M. Makinde, Adekunle A. Tirimisiyu

May 6, 2026

Citation

BUSINESS AND FINANCE JOURNAL , Vol. 17 (2) (2026) , pp. 86-99

Details

ISSN: 988-47876
Published: May 6, 2026
Status: Published

Abstract

This study explores the connection  between PACs effectiveness of  accountability  and transparency in public expenditure in Osun State. The study specifically evaluate how well PACs in Osun contribute to transparency and accountability in spending and identify the factors that hinder their effectiveness. The researcher utilized a survey research design . The study population involved 100 participants, including 10 legislators and 90 auditors from the Office of the State Auditor-General. A simple random sampling method identified 80 respondents, determined using Taro Yamane's formula. Primary data was collected through questionnaires and analysis involved descriptive statistics and Partial Least Squares Structural Equation Modeling (PLS-SEM). The results  showed that PAC (t-stat.= 15.62, p-v <0.05)  has a   substantial favorable impact on  accountability of the government officials in the operation of the public funds.  In addition, PAC has a substantial  favourable  impact of  on transparency (t-stat. = 13.62 , p-v <0.05). The study concluded that PACs can substantially enhance the oversight of public expenditures, which contributes to mitigating corruption and fostering trust in governmental financial practices and  creating a culture of transparency that is essential for public trust in government. The study recommends that PACs should establish a systematic process for regularly publishing their findings and recommendations related to public expenditure. This practice will not only inform the public but also encourage responsiveness from government agencies.

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