ABSTRACT
The objective of this
study was to evaluate the internal control system in operation at Enugu
Electricity Distribution Company of Nigeria Plc in Enugu State with a view of
knowing its impact on revenue generation in the state. A sample of 40 was
selected for the study randomly. The questionnaires were used in gathering the
primary data while secondary data were collected from the work of others in the
form of literature review. The data collected were analyzed using the
chi-square (x2) as the statistical tool to determine the valuation of the
hypothesis. The findings concluded that weak internal control system encourages
collusion fraud loss of revenue, embezzlement and computation. This have always
impeded the company's ability to effectively supply electricity to customers
and there from generate revenue. Internal audit system ensures operations
compliance with set policies, promoting accuracy and reliability of
transactions recording. In addition, effective internal control system ensure
effective recommends the remodeling of the company's internal control system
and strengthening of the investigating unit. The components sectors of the
present corporate Enugu Electricity Distribution Company of Nigeria Plc should
be unbundled into separate distinct independent entities that handle
generation, transmission, distribution and marketing. It further recommends
that prepaid meters should be seen as an alternative to further accumulate
debts.
IWUALA, U (2021). Impact Of Internal Control System On Revenue Generation (Study Of EEDC Okpara Avenue Enugu). Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-internal-control-system-on-revenue-generation-study-of-eedc-okpara-avenue-enugu-7-2
UZOCHUKWU, IWUALA. "Impact Of Internal Control System On Revenue Generation (Study Of EEDC Okpara Avenue Enugu)" Mouau.afribary.org. Mouau.afribary.org, 03 Dec. 2021, https://repository.mouau.edu.ng/work/view/impact-of-internal-control-system-on-revenue-generation-study-of-eedc-okpara-avenue-enugu-7-2. Accessed 31 Oct. 2024.
UZOCHUKWU, IWUALA. "Impact Of Internal Control System On Revenue Generation (Study Of EEDC Okpara Avenue Enugu)". Mouau.afribary.org, Mouau.afribary.org, 03 Dec. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-internal-control-system-on-revenue-generation-study-of-eedc-okpara-avenue-enugu-7-2 >.
UZOCHUKWU, IWUALA. "Impact Of Internal Control System On Revenue Generation (Study Of EEDC Okpara Avenue Enugu)" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/impact-of-internal-control-system-on-revenue-generation-study-of-eedc-okpara-avenue-enugu-7-2