The impact of internal control in manufacturing organization

Thesis Abstract

The constant failure of many organization resulting from fraud due to loopholes in the Accounting system of the organization calls for a proper understanding of the “Internal control System” and its impact on manufacturing organization. Internal control System has remained the bedrock for organization or management efficiency. The objectives of these study is to find out what makes the Internal control System of a manufacturing company, to examine critically the impact of Internal control in the management of the company under these study to assess the strength and weakness of Internal control System in the manufacturing organization, to make necessary recommendation on how to correct lapses in Internal control which may be discovered at the course of the research. Method of data collected, was done through questionnaire oral interview and other relevant literature. Data collected were properly analyzed and frequency table was used in the analysis. The techniques adopted was random sampling techniques, used to get total number of forty (4) staff out of which ten (10) of them were management staff who were interviewed and the rest were given questionnaires. The major findings of this research work states that good accounting system of the company is product of its Internal control System. Recommendation state that, it is imperative that companies should operate with effective Internal control System.