ABSTRACT
This research work examines the
appraisal of effectiveness on financial institution in Nigeria (a case study of
union bank, abia state), the study specially seeks to describe the level of
effectiveness of internal control system in financial institutions in Nigeria,
also how effective and efficient internal control has ensured massive growth
and expansion in the banking industry and how internal control has been the
strength of most organization. Furthermore this study identifies the problems banks
encounter on different levels of operation, how internal control when used
effectively could solve many problems in financial institutions, therefore
fraud and abuse of authority vested in certain individuals would reduce. The
objectives achieved from this research work, were to ascertain the level of
accuracy in union banks record and reports for effective transaction, and to
examine how efficient internal control is in union bank. The research design
employed in this project was survey research design, and primary data was used
in collecting information's through the administration, while the analytical
tool used was descriptive. Again from the research carried out the findings
showed a very high level of effectiveness in union bank internal control, the
findings shows a significant relationship between effective internal control
and fraud control in the bank. The following recommendations are necessary for
effective internal control, more competent hands should be employed to boost
the manpower based on the internal control system. In conclusion this work
focuses on the effectiveness of internal control system in union bank,
therefore we can say that union hank internal control system is effective and
efficient and internal control is needed in financial institutions in Nigeria.
MICHAEL, U (2021). Appraisal Of Effectiveness Of Internal Control System Of Financial Institutions In Nigeria (A Study Of Union Bank Abia State). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/appraisal-of-effectiveness-of-internal-control-system-of-financial-institutions-in-nigeria-a-study-of-union-bank-abia-state-7-2
UNIVERSITY, MICHAEL. "Appraisal Of Effectiveness Of Internal Control System Of Financial Institutions In Nigeria (A Study Of Union Bank Abia State)" Mouau.afribary.org. Mouau.afribary.org, 26 Aug. 2021, https://repository.mouau.edu.ng/work/view/appraisal-of-effectiveness-of-internal-control-system-of-financial-institutions-in-nigeria-a-study-of-union-bank-abia-state-7-2. Accessed 01 Nov. 2024.
UNIVERSITY, MICHAEL. "Appraisal Of Effectiveness Of Internal Control System Of Financial Institutions In Nigeria (A Study Of Union Bank Abia State)". Mouau.afribary.org, Mouau.afribary.org, 26 Aug. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/appraisal-of-effectiveness-of-internal-control-system-of-financial-institutions-in-nigeria-a-study-of-union-bank-abia-state-7-2 >.
UNIVERSITY, MICHAEL. "Appraisal Of Effectiveness Of Internal Control System Of Financial Institutions In Nigeria (A Study Of Union Bank Abia State)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/appraisal-of-effectiveness-of-internal-control-system-of-financial-institutions-in-nigeria-a-study-of-union-bank-abia-state-7-2