Internal controls and cash management in Local Governments Case Study: Kaabong District Local Government.
Loading...
Date
2007-09
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management Sciences .
Abstract
Internal controls in organizations of measures and methods adopted by management to
safeguards its assets, check the accuracy and reliability of accounting data, promote
operational efficiency and encourage adherence to prescribe management policies.
Internal controls include segregation of duties, recruitment of able and qualified staff,
prompt supervision and continuous internal checks.
Persistent mismanagement cash from Kaabong District Local government has led the
researcher to doubt whether the above internal controls could be weak and this fanned
the basis of the research.
The methods of data collection used included questionnaires, which were administered
to employees oflhe local government by CFO, CAO, accountants and auditor.
Findings revealed that much as there are internal controls at Kaabong district local
government, he implementation is not yet to the required standards. As a local
government that deals in transacting money, here is need to strengthen these internal
controls, as the district will be a stake.
Further area of research raised include the effect if bookkeeping on internal controls
performance, management of cash on business performance and the effect of employee
motivation on internal control system performance.
Description
A research report submitted to Kampala International University in Partial
Fulfillment for the Award of a Bachelors' Degree in Business Administration.
Keywords
Internal Controls, Cash Management, Local Governments, Kaabong District