Abstract
This project was carried out with the objective of studying
the Internal Control System in a computerized environment in connection of
Guinness Nigeria Plc, with a view to identifying some areas of attention and
development in the system. This research work is presented in five chapters.
Chapter One contains the Introduction, background of the study, statement of
the problem, objectives of study, research questions, significance of study,
limitations of the study. Chapter Two deals with the theoretical frame work and
contains in formations gathered from text books, articles and other
publications. Chapter Three deals with the research methodology and describes
the instruments of data collections for the study. In chapter Four, the data
collected from various sources are presented and analyzed to reveal the
strengths and weakness in the system where they exist. Chapter Five produces a
summary of the research recommendations were made to eliminate the weakness
observed in the system and conclusion were drawn from the data gathered. There
is also a bibliography and an appendix containing the internal control
questionnaire used for study.
TABLE OF CONTENTS
Title Page
Approval Page
ii
Dedication iii
Acknowledgement
iv
Abstract
v
Table of Contents vi
CHAPTER ONE
1.0 Introduction
1.1 Background of the study
1.2 Statement of
the problem
1.3 Objectives
of the study
Research
Questions
Significance of
the study
1.6 Scope of the
study
1.7 Limitation
of the study
1.8 Definition of
terms.
CHAPTER TWO
2.0 Literature Review
Introduction
2.2 Brief history of the case study centre
2.3 Essential
features of Internal Control
2.4 Internal Control in small organization
Internal Audit
Computerization
Types of Computer
2.7.1 Micro
Computer
2.7.2 Mini
Computers
Internal Control in electronic data processing
(EDP)
Environment
General Controls
System development controls
Advantages of Internal Control in a computerized Accounting
system.
CHAPTER THREE
3.0 Research
design and Methodology
3.1
Introduction
3.2 Research
design
3.3
Sources/Methods of data collection
3.4 Population
and sample size
3.5 Sample
techniques
3.6 Validity
and reliability of measuring instrument
3.7 Method of
data analysis
CHAPTER FOUR
Presentation and analysis of data
4.1
Introduction
4.2 Presentation
of data
4.3 Analysis of
data
4.4
Interpretation of results
CHAPTER FIVE
5.0 Summary, Conclusion and Recommendations
5.1 Introduction
5.2 Summary of Findings
5.3 Conclusion
5.4 Recommendations
Bibliography
Appendix
Questionnaire
CHAPTER ONE
1.0
INTRODUCTION
Internal
Control, for its vital role in Accounting has been view and elaborately
examined from various standpoints. Authors of Universally acclaimed academic
reputation have made their own contributions; International accounting bodies
are not left out in this regard. In all their contributions, a common idea
comes to bear that Internal Control System “are aimed mainly at improving
accountability for actions, the accuracy and liability of records, the
safeguarding of assets and the overall efficiency of operations.
The primary aim
why auditors make use of computer in carrying out auditing task is to ensure
accuracy and efficiency of computer revolution inited by the internet and world
wide web. Auditor does now operate in a highly competitive and changing global
auditing environment.
According to
Mull champ who adopted the standard
definition, internal control is the whole system of the enterprises, in an orderly and efficient
manner. The common point in the definition that worth nothing are:
Internal control system assists management in running one
company’s business in orderly and organized manner.
Internal control
gives a broad meaning extending beyond the accounting and financial
applications. As mentioned earlier, the
definition is remarkably close in describing the meaning of internal
control. It is however, to promote operational efficiency dynamism and creation
role in the control of the business structure.