Effect of internal control system on the organisations productivity by ilogho simon osiregbemhe 10da000606, 400 level accounting department a research project submitted to the department of accounting and finance, college of business and social science, landmark university, omuaran, kwara state in . Request pdf on researchgate | on jan 1, 2014, mwakimasinde mary and others published effects of internal control systems on financial performance of sugarcane outgrowercompanies inkenya. Collectively, our emphasis on the effect of employee treatment policies on the integrity of internal control and financial reporting distinguishes our paper from previous studies that focus on the role of top executives in accounting practices. The effect of type of internal control report on users' confidence in the accompanying financial statement audit report contemporary accounting research, forthcoming 48 pages posted: 24 may 2010 last revised: 5 dec 2012. Keywords: internal control, control activities, financial performance, financial and non financial procedure 1 introduction internal controls refer to the measures instituted by an organization so as to ensure attainment of the entity’s.
Request pdf on researchgate | on oct 1, 2016, omoniyi jacob eniola and others published effect of internal control on financial performance of firms in nigeria (a study of selected manufacturing . The impact of internal control system on the financial management of an organization (a case study of the nigeria bottling company plc) august, 2013 abstract over the years, there have being a problem of incorrect and unreliable financial record which has lead to loss of organizational integrity . The study sought to determine the effect of internal control system on financial performance of manufacturing firms in kenya to achieve the objective of this study,. The study aims to help the bank officials and employees in evaluating the effect and influence of technology as to bank transactions and control system this work’s findings can help in improving bank’s waterloo controls and strengthen the effective internal control points.
Even internal sources, such as employee bonuses, can affect how staff view and report financial data because of this, assets and revenues are more likely to be overstated than understated. The management report on internal control over financial reporting must include: a statement of management's responsibility for establishing and maintaining adequate internal control over financial reporting a statement identifying the framework used to evaluate the effectiveness of the company's internal control over financial reporting . To further consider the effect of financial constraints on internal control over financial reporting, we also include an indicator variable for negative income before extraordinary items in year t (loss) the presence of multinational operations is likely to complicate a firm's internal control system.
Effective internal control leads to a fair presentation of the financial statements and thus increases stakeholders’ confidence in the financial statements control risk is a risk that the auditor can’t. Internal control measures seem ineffective, and they have no such positive effective effect anticipated in this study, we seek to test the impact of internal controls on financial. 11 background of the study internal control is define as the whole system of internal control, financial and otherwise established by management in order to carry on the business of the enterprise in an orderly manner and efficient, ensure adherence to management policies, safeguard the assets and .
The effect of financial management knowledge, competence and supervision act of the government’s internal control officer on the quality of government’s performance. The impact of internal control systems on the financial performance of private hospitals in nairobi internal control systems is a topical issue following global fraudulent financial reporting and accounting scandals in both developed and developing countries. The effect of internal audit towards internal control system financial reporting, efficiency and effectiveness of operations and compliance with law and . This study intended to establish the effect of internal control systems on financial management in baringo county government in kenya internal control systems are integral components of the management processes of a public sector institution which should be established. Internal control enhances the provision of additional information to the principal (shareholder) about the behavior of the agent (management) reduces information asymmetry and lowers investor risk and low revenue.
Internal control regulation effectiveness remains controversial given the recent financial crisis to address this issue we examine the financial reporting effects of the federal depository insurance corporation improvement act (fdicia) internal control provisions. Internal control system and its impact on the financial audit of banking companies operating within internal control of the telecom can be connected with. The main objective of this research work is to examine the impact of internal control on financial performance in selected manufacturing firms while the specific objectives are to: - ascertain if internal control has relationship with fraud perpetration in the organisation. A study was conducted to establish the effect of internal control on financial performance of micro-finance institutions in kisumu central constituency the research.
The effect of internal control systems on financial performance of companies quoted in the nairobi securities exchange (nse) to achieve the objective of this study, the research specifically looked at the. Found a positive significant effect of internal control system on the financial performance (r = 0682), and r square 0428 thus internal control components accounts for 42,8% variance in performance the findings are. The whole system of control financial and otherwise establishment by the management in order to examine the effect of internal control as an aid in preventing fraud. Impact of effective internal audit functions on public sector exercising due care, evaluation of internal control systems, proper reporting of financial .
Internal control activities have been effected in all areas that impact upon financial reporting the internal control activities follow the logic of the reporting process and the finance organization. Study, internal control systems will be limited to the control environment, internal audit, and control activities whereas financial performance will be looked at basically from the three perspectives of liquidity, accountability and reporting (donald & delno 2009).