The Institute of Charter Accountants defines the concept internal control system as “The whole system of control financial and otherwise established by the management in order to carry on the business of the enterprise in an orderly and efficient manner, ensure adherence to management policies, safeguard the assets and secure as fact as possible the completeness and accuracy check and internal audit” fraud is a threat common to most organizations. It is a threat to the effective utilization of resources and as such, it will always remain an important concern to management.
Fraud needs to be deleted and potential fraud needs to be prevented. Effective internal control system is vital for the survival of any organization it serves as a check on fraudulent activities of the management and employees an organization and it brings about solutions to likely fraudulent acts in an organization.
Management is totally responsible for establishing the internal control system in an organization.
Auditing today is based on internal control. A client during the course of financial period so because it is client during the course of so because it is undesirable for an auditor to carry out a hundred percent check on all the transactions enters this.
Internal control system is a necessity in large organizations especially where management is removed from day to day routine operations of the organization. Internal control system include controls exercised by management which comprise of rules and regulations as well as procedures set up by organizations bearing also the problems set up by organizations bearing in also the problem of limited resources.
If the internals control system is effective in an organization, it ensures maximum use of resources and also reduces to the barest minimum fraud.
The feed for affective internal control system therefore cannot be over-emphasized. It is important because of the existence of risks and also all form irregularities in an organizations.ter of flatly, the major frauds in public and private enterprises can be traced to lapse in the internal control system and the existence of poor control environment in organization.
An effective internal control system and its fraud preventive measures in an organization will help to prevent fraud and errors in an organization thereby reducing fraud to its minimum than when internal control is not in existence or when there is weakness in the system.
TABLE OF CONTENTS
1.2Statement of Problem
1.3Purpose of Study
1.4Relevance of the Study
1.5Methodology and Hypothesis Statement
1.6Scope and Limitation of Study
1.7Definition of Terms.
2.3Personal Income Tax Duties
2.4Other Revenue Duties
2.5Planning Research and Statistics
2.6Administration and Finances
2.7Relationship between Internal and External Auditor
2.8Internal Audit as an Effective Internal Control System.
2.9Factors that will be considered by an external auditor before relying on the work of the internal auditors
2.11Relationship between the audit committee and the external auditor.
2.12Essentials of internal control
2.14Types of internal control system at board of internal revenue Enugu state
2.15Areas of work where internal and external auditors overlap at the board of internal revenue Enugu state.
2.16Areas of work where internal and external auditors overlap at the board of internal revenue Enugu state
2.18Difference between fraud in the organization
3.3Validity and reliability of the questionnaire
3.6Statistical tools and mathematical manipulation
3.8Selection of sample
4.3Presentation and analysis of data
4.4Section a part of the questionnaire
4.5Section B part of the questionnaire
4.7The procedure for reporting fraud at the board of internal revenue
4.8Testing of hypothesis
EFFECTIVE INTERNAL CONTROL SYSTEM AS A MEASURE OF FRAUD PREVENTION IN THE PUBLIC SERVICE. (A CASE STUDY OF BOARD OF INTERNAL REVENUE ENUGU STATE).
PROPOSAL The purpose of this study is to analyze the effectiveness of the internal control system of the board of internal Revenue Enugu State. It cannot be over emphasized here that an effective internal control system does not only ensure financial accuracy of transactions, but it reduces trade to the barest minimum. A good internal control... Continue Reading
1.1 INTRODUCTION The Institute of Charter Accountants defines the concept internal control system as “The whole system of control financial and otherwise established by the management in order to carry on the business of the enterprise in an orderly and efficient manner, ensure adherence to management policies, safeguard the assets and secure as... Continue Reading
(A CASE STUDY OF BOARD OF INTERNAL REVENUE ENUGU STATE) PROPOSAL The purpose of this study is to analyze the effectiveness of the internal control system of the board of internal Revenue Enugu State. It cannot be over emphasized here that an effective internal... Continue Reading
EFFECTIVENESS OF INTERNAL CONTROL SYSTEM IN PREVENTION OF FRAUD IN PUBLIC SECTOR (A CASE STUDY OF UNTH ENUGU) ABSTRACT The research work was aimed at the “effectiveness of internal control system in prevention of fraud in public sector a case study of UNTH Enugu. It cannot be over emphasized here that an effective control system does not only... Continue Reading
) ABSTRACT This write up is the result of a studying of the accounting process in the public sector. The work is principally aimed at providing an insight into the accounting system of Board of Internal revenue Enugu State, its... Continue Reading
THE ROLE OF AN INTERNAL AUDIT DEPARTMENT IN AN ORGANIZATION (A CASE STUDY OF BOARD OF INTERNAL REVENUE, OZORO, DELTA STATE) ABSTRACT The basic aim of this research work was to investigate and as certain the role of internal audit department and then ensure attainment of set objectives, the topic reveal that certain weakness in the effective of... Continue Reading
ABSTRACT This research work concentrates upon Effective Internal Control System as a Means of Fraud Prevention and Detection in Hospital Management. It will also review the usefulness of internal control in the... Continue Reading
ABSTRACT This revenue from oil services, which of course is the main sources of government revenue keeps dwindling steadily but steadily while government expenditure keeps rising in meeting up citizens expectations on firmâ€™s of provision of necessary amenities. This called for the need to search for new sources of revenue. Other than oil... Continue Reading
ABSTRACT All investigation using samples are aimed at discovering some things about a particular population. The success of any sample lies in the accuracy with which it reflects the true state of affairs in the whole population. It is however known that it is highly impossible that such reflection would be 100% accurate when we draw a random... Continue Reading
TABLE OF CONTENT Title page i Dedication ii Acknowledgement iii Table of contents iv List of table v Proposal vi CHAPTER ONE 1.0 Introduction 1.1 Background of the study 1.2 Statement of the problem 1.3 Purpose of the study 1.4... Continue Reading