ACCOUNTING AS AN AIDS TO INTERNAL CONTROL SYSTEMS

The study examined into the impact of internal control system on audit quality. The specific objectives examined the influence of internal controls on audit time or period; To examine the impact of internal controls on audit cost or fee; To investigate the effect of internal controls on reliability of financial statements

 The study employ the descriptive survey design. The study employ the use of questionnaire to collect the primary data from the top-level and middle level management of the limited companies in Ijebu-Ode. The study used the frequency, percentage and linear regression to draw out the inferential from the hypothesis.

The study revealed that internal control system has significant effect on audit period at (P< 0.02).Internal control system does not have significant effect on audit cost or fee (P>0.41).Internal control system as significant effect on reliability of financial system on (P<0.00).

The study concluded that internal control system has significant impact on audit fee and audit period meaning the control system in an organization must be done to improve the audit attribute in an organization. The study recommended that the organization should device a means that audit period are maintained within reasonable time has to aid the improvement of internal control system that will stimulate the organization performance.

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of contents

1.1 General overview

1.2 Statement of problem

1.3 Objective of study

1.4 Significance of the study

1.5 Scope and limitation

1.6 Definition of terms

2.1 General approach to internal control system

2.2 Local related and foreign related literature

2.3 Objective of internal control system

2.4 Principle and characteristic of internal control

2.5 Types of control of internal control system

2.6 Internal control and management

2.7 Controls and internal control system

3.1 Summary

3.2 Recommendation

3.3 Conclusion

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