TOPIC

Evaluation of the effectiveness of internal control system in the local government system using Awgu local government of Enugu state, Nigeria.

AUTHOR

Anzor Edith Chima, Okolie Jonathan Ibekwe and Chukwuka M. Ugwu

ABSTRACT
Effective internal control is crucial for prevention of fraud, mismanagement, inadequate declaration of accounting information, company closure and bankruptcy in both public and cooperate organisations. This study examines the effectiveness of internal control in the Awgu local government area of Enugu state, Nigeria in order to provide an understanding of the problems inherent and suggest solutions. The findings reveal that there is absence of effective internal control over financial procedures as a result of inadequate segregation of duties and lack of verification of receipt issued to customers.
The following recommendations were made to curb the absence of effective internal control on financial procedures: provision of mandatory training and induction for all staff on the penalties for misconducts and inappropriate behaviours as well
dissemination of information through company policies and procedures. Establishment of independent disciplinary and monitoring office to enforce sanction and legal action on staff that do not comply with policies and procedures.
Keywords: Effectiveness, internal control, local government, Awgu and Nigeria.

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PUBLISHED

2023-01-11

HOW TO CITE

Anzor Edith Chima, Okolie Jonathan Ibekwe and Chukwuka M. Ugwu (2023).Evaluation of the effectiveness of internal control system in the local government system using Awgu local government of Enugu state, Nigeria. IAA JOURNAL OF SOCIAL SCIENCES, 9(1):42-54.