![]() ![]() The study therefore is to assess the internal control measures in place at the Cocoa Processing Company Limited and the extent of enforcement using the Tema branch as the case study. This is attributed to non-enforceable of internal control measures. Some organizations notwithstanding the fact that they have internal control measures in place have regular cases of fraud. Some organizations do not have effective control measures in place. Historically, the account department of organization in collaboration with the directors processes annual financial information for people who are interested in the affairs of the company to have to access to them. This study, due to time and other resource constraints, covers only three elements of internal control namely: Internal Accounting Control, Management Control and Internal Audit Controls. In recognizing the role played by public sector organization the country, there is therefore the need to create an essential control system needed to serve as a check or regulator on the activities of those in charge of the administration of the various types internal control systems in the cocoa processing company. Because when properly instituted, it serve as check and balance on both the managers and the employees as to they should go about their duties. ![]() Internal control is considered as a vital key that contribute to the long-term stability and success of many organizations. These would contribute greatly to the effectiveness and efficiency the internal controls of Cocoa Processing Company Limited, Tema Branch to be precise. Review of internal controls in various departments every three months instead of the normal one year by management and limiting the minimum qualification to Higher National Diploma by management. Organizing of workshop and seminars on internal controls to enlighten staff more on the use of the systems put in place. The researcher came out with the following recommendations. Furthermore it came to light that the academic qualification of some of the staff were below expectation and for that reason their professional competence were not up to standard. ![]() It was also revealed Cocoa Processing Company has an organizational chart which identifies lines of reporting, defines and allocates responsibilities among members of the organization. Findings of this study revealed that Cocoa Processing Company Limited has put in place internal control systems which help them in achieving their objectives. In order to achieve the objectives of this research work, respondents opinion were sought through the administration of questionnaires and personal interviews gathered were evaluated to arrive at the findings and recommendations and conclusions were made. Assessing internal control systems of Cocoa Processing Company Limited, Tema Branch. ![]()
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