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|Role of Internal Control Systems in the Promotion Of accountability In Bundibugyo District Local Government
|Internal Control Systems
Promotion Of accountability
Bundibugyo District Local Government
|Kampala International University, bachelors degree in business administration
|Internal control is the process designed and effected by those charged with governance, management and other personnel to provide assurance about the achievement of the organization's objectives with regard to reliability of financial reporting. Internal control systems consist of the following components; ► The control environment which also encompasses the following; • Communication and enforcement of integrity and ethical values • Communication competence • Organization structure • Participation by those charged by governance • Management philosophy and operating cycle • Human resource policies and practice ► The organization risk assessment process ► The information system including the related business system ► Control activities which pertain to performance reviews, information processing, segregation of duties and physical controls and ► Monitoring controls The way in which internal control systems are designed and implemented varies with the organization's size and complexity. , Specifically smaller organizations may use less formal means and simpler processes and procedures to achieve their objectives and promote accountability. For example smaller organizations with effective management in financial reporting process may not have extensive descriptions of accountability procedures or detailed written policies. Therefore, the components of an internal control system may not be clearly distinguished within smaller organizations but their underlying purposes are equally valid.
|A Research Report Presented to the School Of Business and Management as a Partial Fulfillment for the Award of Bachelor of Business Administration of Kampala International University
|Appears in Collections:
|Bachelor of Business Administration (BBA)
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