Impact Of Efficient Internal Control And Managerial Efficiency On Corporate Performance (A Study Of Selected Manufacturing Companies In Aba, Abia-State)
ABSTRACT
This project work is on the impact of the use of internal
control system and management performance have in most organization
productivity performance. Most organizations that have low performance can be
traced to the ineffectiveness of its management performance. The researcher
made use of simple percentage in analyzing its primary and secondary data. From
the analyzed data it is seen that internal control is concerned with the
controls operative in every area of the organization, as well as the way the
individual controls co-relate, it consists of the methods and procedures that
are concerned with the authorization of transactions. It is also seen that
staff quality and qualification affects the reliability and effectiveness of
the internal control system present in the organization. If the internal
control system is properly set-up, it will provide management with a unique way
of monitoring employee's adherence to organizational policies, which would help
management in achieving its goals and objectives. It is recommended that the
basic components of internal control; internal audit, internal checks and
financial control should be clearly defined to employees and emphasized.
Management should regularly evaluate the effectiveness and efficiency of the
control system in place in order to reveal strengths and weakness if any and
also evaluate employees performance. It is also recommended that organizational
goals be made known to all employees, so that they would work towards attaining
the organizations goal.
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CHIZARAM, S (2021). Impact Of Efficient Internal Control And Managerial Efficiency On Corporate Performance (A Study Of Selected Manufacturing Companies In Aba, Abia-State). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-efficient-internal-control-and-managerial-efficiency-on-corporate-performance-a-study-of-selected-manufacturing-companies-in-aba-abia-state-7-2
SAMPSON, CHIZARAM. "Impact Of Efficient Internal Control And Managerial Efficiency On Corporate Performance (A Study Of Selected Manufacturing Companies In Aba, Abia-State)" Mouau.afribary.org. Mouau.afribary.org, 25 Oct. 2021, https://repository.mouau.edu.ng/work/view/impact-of-efficient-internal-control-and-managerial-efficiency-on-corporate-performance-a-study-of-selected-manufacturing-companies-in-aba-abia-state-7-2. Accessed 28 Nov. 2024.
SAMPSON, CHIZARAM. "Impact Of Efficient Internal Control And Managerial Efficiency On Corporate Performance (A Study Of Selected Manufacturing Companies In Aba, Abia-State)". Mouau.afribary.org, Mouau.afribary.org, 25 Oct. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-efficient-internal-control-and-managerial-efficiency-on-corporate-performance-a-study-of-selected-manufacturing-companies-in-aba-abia-state-7-2 >.
SAMPSON, CHIZARAM. "Impact Of Efficient Internal Control And Managerial Efficiency On Corporate Performance (A Study Of Selected Manufacturing Companies In Aba, Abia-State)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-of-efficient-internal-control-and-managerial-efficiency-on-corporate-performance-a-study-of-selected-manufacturing-companies-in-aba-abia-state-7-2