Download Tag: INTERNAL CONTROL SYSTEM

Abstract This study mainly focuses on internal control system in Nigeria deposit money banks. Internal control plays a significant role in the Nigeria banking industry. Internal control are policies, procedures, practices on organizational structure implemented to provide reasonable assurance that organization’s business objective will achieve and undesired risk event will be prevented or detected and corrected based on either compliance or management initiated concerns. The researcher uses survey design hence, ...

CHAPTER ONE 1.1     BACKGROUND/HISTORY OF THE STUDY Financial institutions are organizations which deals primarily in money, they constitute the financial framework of an economy, they also help to pool savings and excess liquidity. In 1969 the Nigerian Banking Decree specified four types of financial institutions which carry out banking business, they are the commercial banks, discount houses, acceptance and finance houses. The origin of First Bank in Nigeria as commercial bank ...

CHAPTER ONE 1.0   INTRODUCTION 1.1   BACKGROUND OF STUDY In modern business organization, internal control system is required in one form or the other, not only in public institution which this research work is concerned about the even in some private establishment which exercise control over their activities without being conscious of it. Since there controls are not specified or spelt out properly, it is therefore not surprising that many organizations, ...

ABSTRACT This research work was embarked upon with a view of providing an insight into the “Internal Control System, How Effective as a Means of Reducing the Incidence of Fraud in an Organisation”, for this purpose Nigerian Bottling Company Plc, Agidigbin Road Opposite LTV, Lagos State has been chosen as a case study. This research work was divided into five (5) chapters for easy comprehension and as is it for this ...

CHAPTER ONE 1.0   INTRODUCTION 1.1   BACKGROUND OF THE STUDY It is interesting to note that “Audit” originated from the Latin word “Audire” which means “To Hear” because in ancient time, the owner of a business used to hear a report made by the Auditor about the book keeping and financial records of hours business. This was because the primitive ways of keeping financial records which inducted making marks on ward, keeping ...

CHAPTER ONE 1.0   INTRODUCTION 1.1   BACKGROUND OF STUDY According to Oxford Learners Dictionary, Organization can be said to be a group of people who form a business, club etc. together in order to achieve a particular aim. It can also mean two or more people getting together for a purpose. In getting together, they decide to interact with one another to achieve the objectives of the organization (Unamka & Ewurum, 1995:1) When ...

ABSTRACT Over the years, there have being a problem of incorrect and unreliable financial record which has lead to loss of organizational integrity. The research work aimed among others at determining the relationship between internal measures to proper accounting records. A survey research design was adopted for this research study and a sample size was selected using Yaro Yamane sampling technique as data used were obtained from both primary and ...

1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY Internal control for its vital role in accounting has been viewed and elaborately examined from various standpoints. Internal control system is aimed at improving accountability for actions. The accuracy and liability of records, the safeguarding of assess and the overall efficiency of operations. The primary air why auditors make use of computer in carrying out auditing task is to ensure accuracy, efficiency and ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY In Nigeria, successive governments, since independence have set up autonomous organizations with legal independence and powers, having the initiative of private enterprises to carry on developmental activities of commercial or industrial nature. Thus, the emergence of Ahmadu Bello University teaching Hospitals with headquarters in Samaru Zaria is charged with the responsibility of accounting properly all financial activities undertaken by its management. The ...

CHAPTER ONE 1.0   INTRODUCTION 1.1   BACKGROUND OF STUDY According to Oxford Learners Dictionary, Organization can be said to be a group of people who form a business, club etc. together in order to achieve a particular aim. It can also mean two or more people getting together for a purpose. In getting together, they decide to interact with one another to achieve the objectives of the organization (Unamka & Ewurum, 1995:1) When ...

CHAPTER ONE 1.1    BACKGROUND OF THE STUDY Internal control has attained greatest significance in large-scale business organizations. It is of great assistance to both the management and auditors of such organization because it enables them to carry on the business in an orderly and efficient manner. It safeguard its assets and secure the accuracy and reliability of records. The primary aim of an organization that is profit oriented is to operate ...

ABSTRACT Due to the rapid growth of modern technology and computerization there is increase in computer usage in organization and this tends to increase fraudulent practices. This study therefore aims at examining the effectiveness of internal control system in a computerized accounting system and how it enhance profitability and efficiency. In this study, the primary sources of data which is the questionnaire was use and the chi-square (X2) hypothetical test ...

ABSTRACT This research work has been able to assess the type of internal control system in public sector and how they operate bringing to light their strength and weakness. It was revealed that internal control is the back bone of a sound system of control in every organization. Application of internal control has help to prevent the level of fraud and falsification of documents. It also shows that internal control ...

ABSTRACT This research work “The Impact of Internal Control System in manufacturing Industry with reference to coca cola and ANAMCO Companies” aims at determining the strength and weakness of internal control system and exposing the areas of weakness in the operation of the system and how it effects the productivity and hence profitability of the organization. To examine the extent the internal control have gone in bringing about efficiency in ...

ABSTRACT There is a need for strong internal control system in manufacturing organization to make sure that organization assets are safe guarded. Considering the importance of internal control to life Breweries limited Onitsha the researcher deems it necessary to study the effectiveness of internal control. Officers of the organization were interviewed and their records were also examined related tools were also reviewed by the researcher. The researcher revealed that the ...

ABSTRACT This research work was on the internal control system as a means of preventing fraud in  Nigerian Financial Institutions. However for a more detailed study a case study was carried on First Bank Plc Onitsha Head Office.  The bank understudy was selected by simple random sampling. This study was necessitated because of the Increasing wave of Bank fraud in Nigerian in recent times as reported by the Nigerian dailies.  Therefore the need ...

ABSTRACT This project invested the appraisal of internal control system in large firms. The study was aimed at determining the strength and weakness of internal control system in public limited liability companies and how the existing control has helped the management in the realization of the organizational objective. In this project the research found out whether 1.   There is regular cash survey to ensure that amount voted into impurest ...

ABSTRACT This project was carried out with the sole aim of studying and evaluating the internal control system in the hotel industry The project has three chapter: chapter one is introduction , statement of problem, research objective, significant of study, limitation study, definition of term Chapter two: review of related literature division of internal control, fundamental practical application. The internal control process, behaviour consideration, non profit control Chapter three: summary ...

ABSTRACT The study of internal control system as it is practiced in the civil service can not be over emphasize.  The project which the researcher has worked on has to do with the civil service hence the topic internal control  system in the civil service. (A Case study of Federal Ministry of Finance, Enugu). The researcher went ahead to determine the effective regulation of internal control system as a valuable tool in ...

ABSTRACT The study of internal control system as it is practiced in the civil service can not be over emphasize.  The project which the researcher has worked on has to do with the civil service hence the topic internal control  system in the civil service. (A Case study of Federal Ministry of Finance, Enugu). The researcher went ahead to determine the effective regulation of internal control system as a valuable tool in ...