Download Tag: INTERNAL CONTROL

ABSTRACT This study looks at Internal control in an organization as a watchdog for fraudulent practices. Internal control being an integral part of corporate governance has seen a lot of reform due to the corporate scandals and financial crisis in the economic environment causing regulator to focus on increased disclosure requirements especially in the areas of corporate governance. Internal control disclosure requirement   ranged from the requirement of the foreign Corrupt ...

ABSTRACT Effective  Internal  controls  are  system  consisting  of  specific policies and procedures designed to provide management with reasonable assurance that the goals and objectives important to the entity will be  met. The  purpose of  this research is  to  ascertain whether internal control has actually helped to promote operational efficiency and effectiveness; provide reliable financial information; safeguard asset and records; encourage adherence to prescribed policies; comply with regulatory agencies and many ...

ABSTRACT This project titled EFFECTIVENESS OF INTERNAL CONTROL IN A TRADING COMPANY was considered necessary because of the frauds which are perpetuated in trading companies recently. That was part of what led to the closure of some of them. Our findings revealed that Citiserve limited has similar experience before it was able to put in place checks and balances mechanism i.e EFFECTIVE INTERNAL CONTROL SYSTEM. Therefore, the study became necessary ...

Abstract An efficient budgeting control system is one that produces the desired result. A balanced budget is the one that produces no variances but to achieve this, we are left to contemplation rather than a reality. This has become the problem of most of our manufacturing concerns in Nigeria. This study investigated the budget control and execution in manufacturing concerns in Nigeria with a view of appraising their efficiency. Out of a ...

ABSTRACT This research study was aimed at critically assessing the statutory auditors’ independence on internal control in Nigeria using some of the selected manufacturing firm in Rivers State. Many members of the Public believe that auditors are usually manipulated by managements of their client companies. Also, in this study the independence of auditors was critically evaluated and the importance of auditors’ independence in internal control credibility was analyzed. In order ...

INTRODUCTION 1.0            BACKGROUND TO THE STUDY The essence of public accountability in the present dispensation demands a great attention of which the promptitude of producing accurate and comprehensive financial statement cannot be dispensed with. Government accounting system particularly those found in ministries have been designed primarily to achieve accountability and control, for instance, to ensure that expenditure conforms with authorization and that financial transactions are conducted in accordance with established ...

ABSTRACT In this study internal control as an aid to accountability in the public sector was researched on using Biase local government area, cross river state as the case study. The major objective of the study was to find out and understand how internal control aids accountability in the public sector and to explain those relevant topics, which will enable any reader to understand and appreciate the important of how ...

ABSTRACT An efficient budgeting control system is one that produces the desired result. A balanced budget is the one that produces no variances but to achieve this, we are left to contemplation rather than a reality. This has become the problem of most of our manufacturing concerns in Nigeria. This study investigated the budget control and execution in manufacturing concerns in Nigeria with a view of appraising their efficiency. Out of a ...

ABSTRACT The research work is based on the effect of internal control on organizational performance of local government. The major objective of this study is to assess the effect of internal control on organizational performance of local government  in which Ojo Local Government was used as a case study. Various literatures, textbooks, journals and materials from the internet were used for the study. Survey research design was used and both ...

ABSTRACT This study is aimed at ascertaining the accounting system uses, and internal control in a community Bank Umuchinemere Community Bank Enugu. The approach to the study was the grouping of the subject matter for convenience, ease of reference and understanding. It contains introductory passage which gives a kind of preamble and logical thoughts to what we may regard as relevant to information areas. A review of related literature will be ...

ABSTRACT This project was carried out with the sole aim of studying an evaluating the internal control system in a banking industry- using first Bank of Nigeria PLC, Enugu main as a case study. The project is written in five chapters: chapter one is the introduction which include the background of the study etc. chapter two enumerated literature Review, where the earlier views on internal controls were reviewed to avoid ...

ABSTRACT Profitability is the hallmark or mainstay of any business undertaking. It is the wish of any business entity to maximize profit and maintain a resounding level of liquidity. There is no doubting the fact that this objective of profit maximized if there is no strong and adequate system of internal control. Sequel to the above, this research work is designed to carry out an empirical study on the internal ...

ABSTRACT Internal control is an important tool by which management aims to achieve its object, of ensuring as far as practical  the orderly and to efficient conduct of the business of the enterprise it is an indispensable aid to efficient management particularly in large scale organization where it is impossible for management to be physically present to all sense of action. The research project is control in the private sector in ...

ABSTRACT The subject of this research investigation is “The Role of Internal Auditor and the method of Internal Control in Local Government in Enugu state specifically. The objective of the study is to know whether the function of the internal audit department are performed in compliance with the established standards and policies and how much it have succeeded in achieving the objectives of the local government. The methods of data ...

CHAPTER ONE INTRODUCTION Background of the study: Internal control was defined by the Auditing standards and guideline as a whole system of control both financial and otherwise, established by management in order to carry on the business of on enterprise in an orderly and efficient manner, ensure adherence to management polices, safeguard the asset and secure as far as possible the completeness and accuracy of records.’’. In reality, internal control ...

ABSTRACT In this research work titled “effect of internal control on the profit making of Nigeria breweries with particular references to Nigeria Bottling company 9th mile Enugu" the study determine the impact of internal control to proper use of organizations funds and assets. The study equally ascertains whether perpetration of fraud and losses of Revenue in an organization are as a result of weakness in internal control system. In this study the ...

ABSTRACT The constant failure of many organization resulting from fraud due to loopholes in the Accounting system of the organization calls for a proper understanding of the “Internal control System” and its impact on manufacturing organization.  Internal control System has remained the bedrock for organization or management efficiency. The objectives of these study is to find out what makes the Internal control System of a manufacturing company, to examine critically the ...

CHAPTER ONE INTRODUCTION  1.1  BACKGROUND OF THE STUDY Internal control is an insupportable part of the accounting profession where importance to growth and posterity of an organization cannot be over emphasized. It is incubate that no one can succeed without an effective and efficient internal control mechanism. Internal control can also be likened to the brake and steering in a business, which if they are not there, the business train ...

ABSTRACT This project was carried out with the sole aim of studying an evaluating the internal control system in a banking industry- using first Bank of Nigeria PLC, Enugu main as a case study. The project is written in five chapters: chapter one is the introduction which include the background of the study etc. chapter two enumerated literature Review, where the earlier views on internal controls were reviewed to avoid ...

CHAPTER ONE INTRODUCTION 1.1  Background of the Study:        Internal control was defined by the Auditing standards and guideline as a whole system of control both financial and otherwise, established by management in order to carry on the business of on enterprise in an orderly and efficient manner, ensure adherence to management polices, safeguard the asset and secure as far as possible the completeness and accuracy of records.  In reality, internal control ...