The Impact of Internal Control System on Performance of Banks: a case of Nile Commercial Bank of Southern Sudan
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Date
2010-06
Authors
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Publisher
Kampala International University, College of Economics and Management
Abstract
The study was aimed on the internal control and the organization's effectiveness in
the accounts. A sound internal control system is important as it enables it to carry on
the business of the enterprise in an orderly manner, safeguards the organization's
assets and ensures completeness and accuracy in their records to achieve high
performance.
The study aimed at documenting and evaluating the adequacy of internal control and
its performance of Nile Commercial Bank Limited by comparing them with a sound
theoretical framework and thereafter offering recommendation for its improvement.
Both primary and secondary techniques of data collection were used.
During analysis of data, quantitative, qualitative and descriptive techniques such as
graphs, pie charts were used. Controls in the areas of cash, wages and salaries, debtors
were examined. The data was eventually analyzed by comparing with an ideal system
which exhibited that some controls were weak and other strong.
For effective and sound internal control system which will ensure an organizational
good performance, the research recommended that the company should review its
existing control measures and come up with a workable plan to reinforce them.
According to my findings it shows that internal control systems play an important role
in the, Banks performance though. According to the researcher there is a probability of
cash controls been weak while there is a reasonable strong measures being taken to
control wages and salaries as well as debtors. However more needs to be done to
reduce the risk of fraud and any malpractices which can lead to losses. Hence an
internal control plays a major role in measuring and evaluating Banks performance.
Description
A Research Report Submitted To The School Of Business And Management In Partial Fulfillment Of The Requirements For The Award Of The Degree Of Business Administration Of Kampala International University.
Keywords
Internal Control System, Nile Commercial Bank, Southern Sudan