Accounting as an Aid to Internal Control System

Accounting as an Aid to Internal Control System

One major problem of management is planning but planning is useless if it is not implemented. And the success of any plan is based on adequate control and monitoring in order to achieve the required objective.Therefore any organization wishing to conduct it business in an orderly and efficient manner and to produce reliable financial accounting information for its own and other use, needs some controls sot minimize the effect of the inherent limitation [Read more…]

Internal Auditing as an Instrument for Effective Management

Internal Auditing as an Instrument for Effective Management

Internal Auditing – According to millichamp (1988:548): internal auditing is an independent appraisal activity within organisation for the review of operations as a service to the management.  Internal audit is a management control, which measure and evaluate the effectiveness of other controls. Settler (1971:15) defined internal auditing as independent appraisal activities within an organistion for the review of accounting, financial and other operations as a basis for service to management.  It adds that the internal auditing is a management controls which functions by measuring and evaluating the effectiveness of other controls. [Read more…]

Internal Control System in Manufacturing Industries

Internal Control System in Manufacturing Industries

Since internal control is a very important aspect of the function of management there is the need to have an in depth study of the subject.Many studies have already been done on the subject, therefore the researcher seek the review works already done on the subject as this will help to provide an insight into the research. [Read more…]

Bank Fraud and How it Affects the Banking Industry.

Bank Fraud and How it Affects the Banking Industry (A Nigeria Case Study)

Bank Fraud in Nigeria  – In verifying Bank Fraud, its effects on banking industry performances the researcher reviewed the related literature under the following sub-headings.
•    Origin of banking
•    Bank fraud
•    Banking problem in early 2000s [Read more…]