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Impact of internal control on accounting system efficiency in an organization performance - a case study of Skye bank

 Department: Banking and Finance  
 By: usericon Expresshubpub  

 Project ID: 2195
   Rating:  (3.2) votes: 11
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   Price:₦3000
Abstract
Management rise of budget and other financial reports to monitor operation can be a significant factor in the control environment because of the management’s intimate knowledge of the operation. The effectiveness of these procedures depends on the thoroughness of management in investigating the variance between planned and actual results. This study, therefore, takes a look at the impact of internal control on accounting system efficiency on organization performance. The internal control system of the Skye bank was the case study. The objective was to design a control that will match the capabilities of accounting personnel with their responsibilities so as to reduce lapses, to highlight the importance of budget as a planning tool for management. In achieving the above objective data were collected through the administration of questionnaires. The findings were that an internal control system is a significant factor for the efficiency of operation on any organization. ...
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