Internal Control System Case Study

Internal control systems (ICS) play key role in streamlining the operations of organizations. It helps organizations meet their visions, missions, and strategic objectives and conform to industry standards. These controls are put in place to provide reasonable assurance about the achievement of the entity’s objectives with regard to reliability of financial reporting; effectiveness and efficiency of operations and compliance with applicable laws and regulations. Internal control is therefore designed and implemented to address identified business risks that threaten the achievement of any of these objectives.

Batsa (XXX) states that the concept of internal control extends beyond strictly accounting and financial considerations. The two elements: (a) the control environment: which means the overall attitude, awareness and action of senior and line management regarding internal control and its importance within organizations; (b) internal control procedures: the procedures in addition to the control environment put in place by the MMDAs management which contribute to the achievements of organizations’ objectives.

They enable management to deal with fast changing

It will also enable them to improve adherence to internal control systems. Generally, this project will contribute to knowledge about the need for establishing adequate internal controls and how the adherence to and compliance with same enhances the achievement of organizational goals and objectives. Again, the project will enable management to identify certain loopholes in the control mechanisms as well as present recommendations to enhance the results of organizational objectives. This will ultimately help minimize risks such as fraud and mismanagement in the Programme and contribute to efficient and effective use of organizational resources at