Download Tag: INTERNAL CONTROL SYSTEM

CHAPTER ONE INTRODUCTION Background of Study The statement on study auditing standards defined internal control as being not only internal check and internal audit but the whole system of controls, financial or otherwise, establishment by management in order to secure, as far as possible, the accuracy and reliability of the records run the business in an orderly manner and safeguard the company’s assets its objective being the prevention or early ...

Abstract  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 sampling technique as data used were obtained from both primary and secondary sources. Nine,(9) research questions were formulated out of which three hypothesis were formulated using regression co-efficient analysis method at 5% level of significance ...

CHAPTER ONE INTRODUCTION 1.1 Background to the Study The concept of internal control is said to trace its history back to the beginning of the 20th century when audit on financial statements came into being, it has consistently evolved to what it is presently due to continuous change in the business environment (Heier, Dogan and Sayers, 2005). The expansion of the world economy and the scale of enterprises growth after ...

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 ...

ABSTRACT Internal control systems is a topical issue following global fraudulent financial reporting and accounting scandals in both developed and developing countries. This research work examine the implications of internal control system in an organization with reference to Mercury Micro Finance Bank. In today’s volatile business environment, banking sub-sector in Nigeria faces a wide array of complex business challenges. These challenges come in the form of regulatory compliance, litigation, competitive ...

ABSTRACT The impact of having internal control department in all organizations and banking institution in this era of stiff competition and financial regulation cannot be over emphasized. The process of financial account and data production should be based on a recognized, well-defined and well-organized system of procedures. If the business transaction are to be properly and correctly observed, documented, recorded and collated, then there must be a system which is ...

ABSTRACT This research study has examined all possible areas of the study was conducted on Auditing procedure and internal control system with reference to Union Bank of Nigeria Plc. However, the areas where the research revolves around are not limited to the scope of the study.  Audition procedure and internal control system is very important in every organization to identify the loopholes and lapses to proffer lasting solution. Data was ...

CHAPTER ONE INTRODUCTION 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 ...

1.0     INTRODUCTION       BACKGROUND OF THE STUDY It is feared that the inability of management to ensure effective enforcement to rules and regulation have rendered that operation of internal control system s the Banking industry open to abuse. The net effect could be that every one carries out his schedule off duties in any manner he likes which consequently gives those wishing to commit  fraud their long ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF STUDY It is feared that the inability of management to ensure effective enforcement of rules and regulation have rendered that operations of internal control system as the banking industry open to abuse. The net effect could be that every on carries out his schedules off duties in any manner he likes which consequently gives those wishing to commit fraud their long expend golden opportunity. Prior ...

1.1     INTRODUCTION AND BACKGROUND OF THE STUDY The concept of internal control system is becoming increasingly useful in the practice of modern audit that it will be worth while understanding the subject matter and the role it plays in the effective management of a business enterprise. The existence of internal control system in an organization is of great assistance to both the management and the auditions of such an organization. ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY The concept of internal control is said to trace its history back to the beginning of the 20th century when audits on financial statements came into being, it has consistently evolved to what it is present due to continuous change in the business environment (Heier, Dogan and Sayers, 2005). The expansion of the world economy and the scale of enterprise growth after ...

CHAPTER ONE INTRODUCTION 1.0.    BACKGROUND OF THE STUDY Every organization has a purpose, which includes making some products and rendering some services at a price. For normal operations of the business organization, it is the product or services of the firm that cause cash receipts (revenue) to flow into the firm. Revenue is associated with products or services of a firm as a source of expected cash receipts. Revenue is an ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND TO THE STUDY Several studies have been carried out in Nigeria to find out why many government parastatals or industries which started of well later fall or remain stagnant in their operations. The major causes of this situation were traced down to poor internal control systems which emanated from a lot of factors, part of Horngren (1982) therefore defined internal control as referring to both ...

  TABLE OF CONTENTS Title page Certification Dedication                                                         iii Acknowledgements                                             iv Table of contents CHAPTER ONE: INTRODUCTION                    Background of the Study Statement of the Study Research Questions                                 4 Purpose of the Study 5 Scope and Limitation 7 The Significant of the Study 8 Organization and Plan of the Study 9 Definition of Terms 11 CHAPTER TWO: LITERATURE REVIEW           15 Literature review                 15 Review ...

CHAPTER ONE 1.1   INTRODUCTION In banking, Accounting and auditing internal control is defined as a process effected by an organization structure, work and authority flows, people and management information system designed to help the banking accomplish specific goals or objectives. It is a mean by which organization resources are directed, monitored and measured. It plays an important role in preventing and detecting fraud and protecting the organization’s resources. Internal control-integrated ...

CHAPTER ONE Introduction 1.1 BACKGROUND OF THE STUDY It is a known fact today that most companies functioning effectively as fail to do so has their glory ordeal tested on the management acumen (ability to understand and judge clearly). This mean s that the financing and management of any organization is the prerequisite for the success of such organization be it bottling company manufacturing or services organization. In view of ...

TABLE OF CONDUCT Title page                                                                                 i Certification                                                                     ii Dedication                                                                       iii Acknowledgement                                                            iv Table of content                                                               v CHAPTER ONE   Introduction/background of the study Research problem Objective and purpose of the study Significance of the study Scope and limitation of the study Organization plan of the study Definition of terms and concepts CHAPTER TWO Literature review 2.1 Introduction 2.2 Meaning of internal control 2.3 Scope of the internal control 2.4 ...

TABLE OF CONTENT Title page Certification Dedication Acknowledgement Table of Content      CHAPTER ONE Introduction Background of the Study Statement of the Study Purpose of the Study Scope and Limitation of the Study The Signification of The Study Organization and Plan of The Study Definitions of Terms  CHAPTER TWO Literature Review Review of Related Control Definition of Internal Control Objective of Internal Control System in Banking Industry Cause and Prevention ...

Table of contents Title page Certification Dedication Acknowledgement Table of contents CHAPTER ONE: - INTRODUCTION background of the study statement of the problem aim and objective of the study research question research Hypothesis significant of the study scope/definition of the study limitation of the study   CHAPTER TWO :- LITERATURE REVIEW introduction Historical background of first lower Niger River basin and rural development authority Ilorin. Characteristic of good internal control ...