INTERNAL CONTROL IN AN EXAMINING BODY (A CASE STUDY OF THE NATIONAL EXAMINATION COUNCIL, ENUGU ZONAL OFFICE)
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Table of contentCHAPTER ONE:1.0 INTRODUCTION OF INTERNAL CONTROL IN AN EXAMINING BODY
1.1 Background of the study
1.2 Statement of problem
1.3 Purpose of the study
1.4 Significance of the study
1.5 Scope and limitations
1.6 Statement of Hypothesis
1.7 Definition of term
2.0 LITERATURE REVIEW OF INTERNAL CONTROL IN AN EXAMINING BODY
2.1 A checklist of internal control
2.2 Qualities of a good internal control
2.3 Internal control and Accounting profession in Nigeria
2.4 Internal control of real-time installation
2.5 Consideration of an effective control system
2.6 Articles that enhance internal control system
(magazines and journals)
3.0 RESEARCH DESIHN AND METHODOLOGY OF INTERNAL CONTROL IN AN EXAMINING BODY
3.1 Source of Date
3.2 Survey instruments
4.0 DATA PRESENTATION, ANALYSIS AND INTERPRETATION OF INTERNAL CONTROL IN AN EXAMINING BODY
4.1 Presentation and Analysis of data
4.2 Interpretation of data
5.0 FINDINGS, CONCLUSION AND RECOMMENDATIONS OF INTERNAL CONTROL IN AN EXAMINING BODY
Management is always in a position to over ride control, which it has itself set up segregation of duties, as part of internal control can only minimize cases of collusion.
Finally, the interpretation, misunderstanding, carelessness and fatigue may undermine the effective operation of internal control by human error which may be error of judgment.RECOMMENDATIONHaving looked at the system of internal control in the National Examination Council, Eungn zonal office from various bugles, the researcher will now look at the flows and recommend ways of improving on them.
1) As we mentioned under answer to question 11 of the interview question, NECO operates a cash impress system. This is itself is not bad. What is bad is the operations where by every section procedures it need directly from the market by itself. This help staff to sidetrack some of the laid down procedure which were established to minimize incidence of fraud.
It is then recommended that a central purchasing department be set up, to be header by a purchasing officer who should report directly to the zonal coordinator.
2) The incidence of theft and misappropriation of property, as this researcher was reliable informed, leaves some doubts as to the efficiency and effectiveness of the security system. It is the view of the researcher therefore, that the security system should be over halved and recognized.
The security staff should be given a new orientation by sending them for courses and seminars enable them not only have an in depth knowledge of their job but also acquire higher supervisory skill.
3) As frauds are committed by humans due to weakness, personnel management plays a vital role in the protection against fraud. It has been said that an past or exemplary present does not guarantee future honesty of an individual”. Every embezzler was once a trusted employee. Therefore.
a) The scale of remuneration offered must be commensurate with the position of trust held.
b) Insistence that annual leave should be taken by all employees in position of trust and the request for report from officer relieving them on any irregularities they may find out.
4) management should always act on the report of the internal audit.
5) The quality number and availabilities of internal Auditors are position indicators of the degree of their proficiency
The department will be competent with people who are well trained and can assess, evaluate and recommend measures to improve the internal control system.
6) Management should ensure that a conducive environment prevails at all times.
This can be achieved by avoiding situations where they themselves over-ride control procedures and perform fraudulent act. Stagnation of staff must also be avoided.
A summary and analysis of the response to the question indicates that 20 percent(20%) of the respondent were of the opinion that the internal control system in NECO is in effectives, while 80 percent (%) believed that there is an effectives internal control system in NECO.