Internal Control System in the Nigerian Tertiary Institutions
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Description
Internal control systems play a vital role in achieving the objectives of an organization. This study assessed the
internal control system of tertiary institutions in Nigeria using four tertiary institutions in South West, Nigeria.
Data was collected through primary source using questionnaire. The method of data analysis was descriptive
statistics. Findings revealed that many components of internal control system are properly situated except that
the internal audit unit of those institutions are not independent. The study therefore recommends that internal
audit unit should have an independent department and the head of that department should report directly to the
highest level of management within the institution
Keywords
HF Commerce, HF5601 Accounting