Effect Of Weak Internal Control System On The Profitability Of Small Sale Enterprises (A Study Of Abia Farm)
ABSTRACT
The main aim of this work
was to analyze the effect of week internal control system on the profitability
of small scale enterprises with special focus on Abia farms, in undertaking the
above aim, available literatures on the area of the study were reviewed.
Questionnaires were used to obtain data from respondents. The total population
for the study was 65; while the sample, size is 56. 48 out of 56 questionnaires
distributed by the researcher were returned. The statistical techniques used
for the analyses of data and hypotheses testing were simple percentage and
Chi-square (x) test respectively. The findings established include weak
internal control system negatiyely affect the profitability of small scale
enterprises; weak internal control system has negative impact on the management
performance of small scale enterprises. Going by the above findings, the
following recommendations were made; assets and properties of the organization
should be protected through the institution of efficient internal control, weak
internal control system should not be allowed to exist because it causes poor
management decision, encourages fraud and defalcation, management inefficiency
and it impacts negatively on the profit of the organization.
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IKWUEGBU, J (2022). Effect Of Weak Internal Control System On The Profitability Of Small Sale Enterprises (A Study Of Abia Farm). Repository.mouau.edu.ng: Retrieved Apr 27, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-weak-internal-control-system-on-the-profitability-of-small-sale-enterprises-a-study-of-abia-farm-7-2
JOHN, IKWUEGBU. "Effect Of Weak Internal Control System On The Profitability Of Small Sale Enterprises (A Study Of Abia Farm)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 13 Oct. 2022, https://repository.mouau.edu.ng/work/view/effect-of-weak-internal-control-system-on-the-profitability-of-small-sale-enterprises-a-study-of-abia-farm-7-2. Accessed 27 Apr. 2024.
JOHN, IKWUEGBU. "Effect Of Weak Internal Control System On The Profitability Of Small Sale Enterprises (A Study Of Abia Farm)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 13 Oct. 2022. Web. 27 Apr. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-weak-internal-control-system-on-the-profitability-of-small-sale-enterprises-a-study-of-abia-farm-7-2 >.
JOHN, IKWUEGBU. "Effect Of Weak Internal Control System On The Profitability Of Small Sale Enterprises (A Study Of Abia Farm)" Repository.mouau.edu.ng (2022). Accessed 27 Apr. 2024. https://repository.mouau.edu.ng/work/view/effect-of-weak-internal-control-system-on-the-profitability-of-small-sale-enterprises-a-study-of-abia-farm-7-2