There is general awareness all over the world for the need to pay greater attention to the improvement of public corporations and parastatals. The reason is obvious, government constitutes the largest single business entity, and its pattern of expenditure through its various parastatals, agencies, and commissions stimulate a lot of economic activities. As a result of the governments’ involvements in economic activities, initiatives are being taken all over the world towards improving the standards of accounting and auditing departments in its institutions.

The public sector accountant has the responsibility of developing systematic arrangements to assist management in the performance of the services of the institution while the External auditor has among other duties, the complementary role to examine whether management actually performs that efficiently.

The External auditor has to satisfy himself that the accounts presented have been prepared according to statutory and regulatory requirements considering that all proper accounting practices have been observed throughout the compilation process. It is a fact that public Corporations have a significant role in improving the wellbeing of the
communities in any nation. In Nigeria.

The Nigerian Communication Commission (NCC) falls in the category of public corporation. These corporations are the ones whose management has a direct impact on people’s lives in their respective localities (Chacha, M.A,).