ABSTRACT
This study seeks to examine the Effect of internal control system on bank performance in Nigeria, 2007-2016. The central bank of Nigeria reported that the backward development in Nigeria was attributable to weaknesses in the internal control systems of the banks. The attempt to put an end to this economic degradation gave rise to this research topic. Three null hypotheses were stated to critically examine the effect of the dependent variables on the independent variables. Ex-postfacto research design was adopted, while the simple regression analysis of OLS was used to analyze the data gathered for this study. The result findings revealed that internal control system has a positive significant effect on the profit after tax, liquidity and return on asset of banks in Nigeria. Hence the prevention and detection of frauds are basically the responsibility of the management through the establishment of an effective and efficient internal control system. Based on these findings, it was thus recommended that banks should try to have an effective internal audit department, which should be headed by a qualifiedAccountant. In addition, the Accountant should be responsible to the managing director or a higher authority in the bank.
TABLE OF CONTENTS
CHAPTER ONE: INTRODUCTION
l. l Background to the study 1
1.2 Statement of the problem 3
l .3 Objectives of the study 5
I .4 Research Questions 5
1.5 Research Hypothesis 6
1.6 Scope of the study 6
l. 7 Limitations of the study 7
1.8 Definitions of Terms 8
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2.3 Empirical Review 27
2.4 Gap in Literature 29
CHAPTERTHREE:METHODOLOGY
3.1 Research Design 30
3.2 Sources of Data 30
3.3 Population of the Study .30
3.4 Sampling Selection 31
3.5 Method of data Analysis 31
3.6 Model Specification .31
3.7 Validity and Reliability of the instrument .32
CHAPTER FOUR: DATA PRESENTATOI N AND ANALYSIS
4.1 Data Presentation 34
4.2 Data Analysis 34
CHAPTER FIVE: SUMMARY,CONCLUSION AND RECOMMENDATION
5.1 Summary of Findings .41
5.2 Conclusion 41
5.3 Recommendation 42
REFERENCES 44
NWOKO, A (2021). Effect Of Internal Control System On Bank Performance In Nigeria (2007-2016). Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-internal-control-system-on-bank-performance-in-nigeria-2007-2016-7-2
AMARACHI, NWOKO. "Effect Of Internal Control System On Bank Performance In Nigeria (2007-2016)" Mouau.afribary.org. Mouau.afribary.org, 15 Jan. 2021, https://repository.mouau.edu.ng/work/view/effect-of-internal-control-system-on-bank-performance-in-nigeria-2007-2016-7-2. Accessed 30 Oct. 2024.
AMARACHI, NWOKO. "Effect Of Internal Control System On Bank Performance In Nigeria (2007-2016)". Mouau.afribary.org, Mouau.afribary.org, 15 Jan. 2021. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-internal-control-system-on-bank-performance-in-nigeria-2007-2016-7-2 >.
AMARACHI, NWOKO. "Effect Of Internal Control System On Bank Performance In Nigeria (2007-2016)" Mouau.afribary.org (2021). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-internal-control-system-on-bank-performance-in-nigeria-2007-2016-7-2