TABLE OF CONTENT
1.2 Statement of the problem
1.3 purpose of the study
1.4 The scope of the study
1.5 Research question
1.6 Statement of Hypothesis
1.7 Significance of the study
1.8 Limitation of the study
REVIEW OF RELATED LITERATURE
2.1 Origin and purpose of internal control
2.2 Definition of internal control system
2.3 Internal check and control
2.4 Types of internal control
2.5 Element of internal control and internal auditing
2.6 Limitations of internal control
3.1 Research design
3.2 Area of study
3.3 population of the study
3.4 Determination of sample size
3.5 Instrument for data collection
3.6 Method of data collection / Administration of research
3.7 The validity of the instrument used.
3.8 Method used for water data analysis
PRESENTATION AND ANALYSIS OF DATA
4.1 Interpretation of data.
SUMMARY CONCLUSION AND RECOMMENDATION.
5.1 Summary of findings
This project invested the appraisal of internal control
system in large firms. The study was aimed at determining the strength and
weakness of internal control system in public limited liability companies and
how the existing control has helped the management in the realization of the
In this project the research found out whether
There is regular cash survey to ensure that amount voted
into imprest in judiciously used.
Majority of the employees are paid through banks and all
authorized deductions are remitted to their appropriate authorities.
Stocktaking is usually carryout by a team consisting of
store and accounting staff preparation of pay roll and payment of salaries are
not usually done by some person.
Data for research was collected from both primary and
secondary. Primary data was conducted mainly through the use of questionnaires
supplemented by oral interview, which was conducted among the staff of the
company. Data was analyzed using the chi-square and percentage method of
analysis. A test was carried out which showed that system of internal control
in the company is effective.
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.