ABSTRACT
This Project was carried out to evaluate the
impact of effective internal control system in organizational productivity.
Most organizations that experience low performance can be associated with
ineffectiveness in their internal control system. Specifically the objectives
of this project include; to ascertain the degree of reliance placed on the
operators of the internal control system of the organization in order to
determine the advantage of an efficient and effective internal control system
as well as to identify factors which management should pay attention in order
to promote orderly, economically, efficient and effective performance
consistent with the profitability objectives of the organization. Yaro yamen
and stratified sampling method was used to select respondent and well
constructed questionnaire served as the source for primary data. The data was
analyzed using simple percentage methods and chi-square method for hypothesis
testing. From the analyzed data it was observed that internal control iS
concerned with operative controls in all areas of the organization. The system
consists' of the methods and procedures concerned with authorization and
execution of transaction. It is also seen that staff quality and qualification
affects the reliability as well as effectiveness of the internal control system
in the organization. Internal control system can provide management a unique
way of monitoring employees, adherence to organizational policies useful to
management in attaining operations, goals and objectives. Finally, it is
recommended that management should regularly evaluate the effectiveness and
efficiency of the control system in place in order to reveal strength and
weakness if any, as well as productivity level. It is also recommended that the
three basic components of internal control: internal audit, internal check and
financial control should be clearly defined to employees and highlighted. The
organizational goals should be communicated to all employees so they would work
towards achieving the goals.
CHUKWU, J (2021). The Impact Of Effective Internal Control Mechanism On Organizational Productivity (A Case Study Of Paterson Zochonis Cussons Industries Nigeria Plc) . Mouau.afribary.org: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/the-impact-of-effective-internal-control-mechanism-on-organizational-productivity-a-case-study-of-paterson-zochonis-cussons-industries-nigeria-plc-7-2
JUSTINA, CHUKWU. "The Impact Of Effective Internal Control Mechanism On Organizational Productivity (A Case Study Of Paterson Zochonis Cussons Industries Nigeria Plc) " Mouau.afribary.org. Mouau.afribary.org, 12 Jul. 2021, https://repository.mouau.edu.ng/work/view/the-impact-of-effective-internal-control-mechanism-on-organizational-productivity-a-case-study-of-paterson-zochonis-cussons-industries-nigeria-plc-7-2. Accessed 26 Nov. 2024.
JUSTINA, CHUKWU. "The Impact Of Effective Internal Control Mechanism On Organizational Productivity (A Case Study Of Paterson Zochonis Cussons Industries Nigeria Plc) ". Mouau.afribary.org, Mouau.afribary.org, 12 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-impact-of-effective-internal-control-mechanism-on-organizational-productivity-a-case-study-of-paterson-zochonis-cussons-industries-nigeria-plc-7-2 >.
JUSTINA, CHUKWU. "The Impact Of Effective Internal Control Mechanism On Organizational Productivity (A Case Study Of Paterson Zochonis Cussons Industries Nigeria Plc) " Mouau.afribary.org (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-impact-of-effective-internal-control-mechanism-on-organizational-productivity-a-case-study-of-paterson-zochonis-cussons-industries-nigeria-plc-7-2