Effect Of Internal Control On The Performance Of Small And Me1dium Scale Enterprises (A Study Of Umuahia Metropolis, Abia State)
ABSTRACT
The study focused on the evaluation and determination of the effect of internal control on the performance of small and medium scale enterprises in Umuahia metropolis. Specifically, the study aimed at investigating; the use of internal control techniques in uncovering fraud, reducing excessive cost of production and enhance security of physical assets in small and medium scale enterprises in Nigeria. The research adopted the survey design using simple Regression Analysis. The study revealed that; Internal control has significant effect on uncovering of fraudulent activities, reduction of excessive cost ofproduction and on security ofphysical assets in small and medium scale enterprises in Nigeria. Based on the findings and conclusions made in· the study, the researcher recommends that; internal control system should be established in all small and medium scale enterprises in order to prevent the incidence of fraud and anomalies in the enterprise; the government should provide good credit facilities, such as issuance of loans to small and medium enterprise in other to enhance business growth and expansion and at a minimal interest pay back rate as this enable small and medium scale businesses to hire the services of professional accountants who design and install an effective internal control system for those firms.
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NWATU, N (2021). Effect Of Internal Control On The Performance Of Small And Me1dium Scale Enterprises (A Study Of Umuahia Metropolis, Abia State). Repository.mouau.edu.ng: Retrieved Sep 20, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-internal-control-on-the-performance-of-small-and-me1dium-scale-enterprises-a-study-of-umuahia-metropolis-abia-state-7-2
NNENNA, NWATU. "Effect Of Internal Control On The Performance Of Small And Me1dium Scale Enterprises (A Study Of Umuahia Metropolis, Abia State)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 10 Mar. 2021, https://repository.mouau.edu.ng/work/view/effect-of-internal-control-on-the-performance-of-small-and-me1dium-scale-enterprises-a-study-of-umuahia-metropolis-abia-state-7-2. Accessed 20 Sep. 2024.
NNENNA, NWATU. "Effect Of Internal Control On The Performance Of Small And Me1dium Scale Enterprises (A Study Of Umuahia Metropolis, Abia State)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 10 Mar. 2021. Web. 20 Sep. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-internal-control-on-the-performance-of-small-and-me1dium-scale-enterprises-a-study-of-umuahia-metropolis-abia-state-7-2 >.
NNENNA, NWATU. "Effect Of Internal Control On The Performance Of Small And Me1dium Scale Enterprises (A Study Of Umuahia Metropolis, Abia State)" Repository.mouau.edu.ng (2021). Accessed 20 Sep. 2024. https://repository.mouau.edu.ng/work/view/effect-of-internal-control-on-the-performance-of-small-and-me1dium-scale-enterprises-a-study-of-umuahia-metropolis-abia-state-7-2