THE RELEVANCE OF INTERNAL CONTROL IN AN ORGANIZATION

By

UDE ONYINY CHINWE OGE

Presented To

Department of Accountancy

ABSTRACT

This term paper is aimed at assisting person who are interested in their knowledge about "internal control" and their operations in to days modern business. I have embarked on the thorough research to eliminate the fact that this control system should be topmost in any company's priority list.

Also analyzed are the short comings and problem confronting these system and ways of tackling the alarming trend of crime and fraud perpetrated in our business today?

Today a lot of business are liquidating so many bank have failed, assets are wasted or misappropriated e.t.c if this syndrome continues without being controlled, it will lead to serious decline of business in the economy. It also plays the major roles in business decision based on accounting data.

After going through this book, you will definitely be convinced beyond all reasonable double about the fact postulated above and also come to appreciate the relevance of internal control a business concerns.

TABLE OF CONTENT

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of content

CHAPTER ONE

Introduction

1.1 Background of study

1.2 Definition of internal control

1.3 Their operation in large and small firms

1.4 Objective of internal control

1.5 Definition of terms

CHAPTER TWO

2.1 Literature review

2.2 Problem of internal control

2.3 Types of internal control

2.4 The major role in business decision based on accounting date

2.5 The impact of effective internal control system

CHAPTER THREE

3.1 Findings

3.2 Conclusion

3.3 Recommendation

References