ABSTRACT

The study investigated on theevaluation the system ofinternal control in public sector. The objectives ofthe study are; to examine the impact ofinternal control system on effective financial managementin public sector institutions, to determine the impact of internal control system on accountability in public sector institutions, to evaluate the impact of internal control onprevention of fraud in public sector institutions. To achieve the objectives ofthe study, survey research design method was adopted. The researcher adopted primary data in getting the required information. The population ofthe study is made up of 100 respondents while the sample size is made up of80 after adopting taro Yamane formula. However, a total 80 questionnaire was administered to the respondents. In testing the hypotheses, simple regression analysis was used. The findings revealed that internal control system has a significant impact on financial management. Thefindingsfurther revealed that internal control system has a significant impact on accountability. The researcher recommends that Public sector institutions should ensure that there are adequate organizational controls and that each staff knows his duties and equally ensures effective segregation of duties. The researcherfurther recommends that Public sector institutions should be reviewed periodically so as to cope with modern trends in organizationalfraudprevention.