Thesis Abstract

Abstract
Internal control systems play a critical role in the survival and growth of public organizations by ensuring the efficiency and effectiveness of operations, the reliability of financial reporting, and compliance with laws and regulations. This research explores the necessity of internal control systems in the context of public organizations, highlighting their significance in enhancing transparency, accountability, and overall performance. The study delves into the key components of internal control systems, such as control environment, risk assessment, control activities, information and communication, and monitoring activities, emphasizing their interplay in safeguarding organizational assets and achieving objectives. Furthermore, the research investigates the challenges faced by public organizations in implementing robust internal control systems, including resource constraints, resistance to change, and lack of awareness. By examining case studies and best practices in the field, the study provides insights into effective strategies for overcoming these challenges and establishing a strong internal control framework. The findings underscore the importance of leadership commitment, employee training, and continuous evaluation in fostering a culture of control and compliance within public organizations. Moreover, the research highlights the role of internal auditors and oversight bodies in independently assessing and enhancing the effectiveness of internal control systems. Overall, the research demonstrates that a well-designed and properly implemented internal control system is not only a regulatory requirement but also a strategic imperative for public organizations to mitigate risks, prevent fraud and errors, and promote sustainable growth. By aligning internal controls with organizational objectives and values, public organizations can enhance their credibility, stakeholder trust, and long-term viability in an increasingly complex and dynamic environment. In conclusion, this research contributes to the existing literature on internal control systems by focusing on their relevance and impact on the survival and growth of public organizations. The study provides practical recommendations for policymakers, managers, and practitioners to strengthen internal controls and optimize organizational performance in the public sector.

Thesis Overview

  INTRODUCTION

1.1   BACKGROUND OF STUDY

According to Oxford Learners Dictionary, Organization can be said to be a group of people who form a business, club etc. together in order to achieve a particular aim. It can also mean two or more people getting together for a purpose. In getting together, they decide to interact with one another to achieve the objectives of the organization (Unamka & Ewurum, 1995:1)

When we discuss organization, we have variclasses among which are service organization and social organization etc. All these organizations have in mind the aim of continuing if not for eternity, a given period of time. (Unamka & Ewurum, 1995 1, 2, 3)

For an organization to carry on its business there must be some factors put in place for the smooth running of the organization management, man-power, materials, money and machines. These need to be well coordinated in order for the success of the organization to be achieved. They are used by a group of persons known as management; neither can management exist without organization- the two are inseparable twin. (Unamka &Ewurum, 1995:65).