Internal control systems and risk management of business enterprises: a case of global paper products ltd presented
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Date
2011-08
Authors
Sanyu, Tabitha Bwanika
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management
Abstract
The study focused on issues concerning internal controls over cash management in Global paper products limited. This was so because of the persistence loss of cash in most organizations in Uganda despite existence of internal controls. The study was confined to Global paper products limited. It is guided by the following research objectives which were to establish the type of controls instituted in Global paper products, to establish the role of internal controls in Global paper products and to establish the effect of internal controls on risk management. The study used 40 respondents out of 75 employees of Global Paper Products Ltd Simple random sampling was used to select respondents for the study from whom data was collected using questionnaires the key findings were that there are various type of internal controls in Global paper products which were include bank reconciliation is a control over cash in the organization therefore it should be strongly emphasized if the organization wants to safe guard cash. The existence of strong safe is a control over safe custody of organizations assets; Existence of segregation of duties in Global paper products as a control over safe custody of cash as It is important to ensure that cash transactions are approved by the responsible personnel in order to minimize cash loses and handling. upon which conclusions were drawn
Description
Research report submitted to the College of Economics and Management in partial fulfillment of the academic requirements for the Award of a Degree of Bachelor of Business Administration of Kampala International University
Keywords
Internal control systems, Risk management, Business enterprises, Global paper