Assessing the internal control sytems of investment companies. A Case Study of Investment Companies in the Kumasi Metropolis

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Date
AUGUST 2015
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Abstract
A system of internal controls is an important component of managing a company which serves as basis for the safe and sound running of all the Company. It plays a vital role in the achievement of corporate objectives and plays a significant role in making managers achieve their goals. Investment Companies play very important roles in the economic development of any country. The efficient utilization of the resources of these investment companies promote economic growth and development as well as achieving their objectivities, profitability and solvency. The methodology used was the purposive sampling. All the investment companies indicated that the internal control system has greatly improved upon their operation greatly over the years. This project is to assess the extent of failures caused by humans in the design and implementation of the internal controls in the investment companies with a particular reference to the Companies in Kumasi. Recommendations are made on the efficiency and effectiveness of internal control systems to help them improve upon their operations. Further similar researches could employ a blend of both financial and non-financial performance analysis tools in order to attain a much broader and fairer view of the internal control systems of these investment companies.
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A thesis submitted to the department of accounting and finance, Kwame Nkrumah University of Science and Technology in partial fulfillment of the requirements for the degree of Master of Business Administration (finance) option.
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