International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
www.ijsr.net | Most Trusted Research Journal Since Year 2012

ISSN: 2319-7064

Research Paper | Accounting | Ethiopia | Volume 8 Issue 12, December 2019

Assessing the Effectiveness of the Internal Control System in the Commercial Banks of Ethiopia: A Case of Hawassa City

Tekalign Negash

The main objective of this research was to examine assessing the effectiveness of the internal control system in the commercial banks of Ethiopia a case of Hawassa city. In general, the paper used a mixed research design. Data are collected by using a self-administered survey, which has both open ended and closed ended question. The questionnaire was given to commercial banks of Ethiopia staffs from both internal auditors and controllers who are found at different level. After feeding (inserting) the collected data in to SPSS for analyzing purpose. The researcher found that the companys internal control is effective in the following internal components. The company under study has a clear codes of conduct; managements of the company periodically reviews policies and procedures; organization under study have clear objectives, and this are communicated to all staff for direction on risk assessment; there is an adequate and strong dual control and separation of duties in the organization and there is effective reporting procedure in the organization and this also communicated to the employees Finally the research recommends, the following points, though the bank has a human resource development plant it has to be strengthen and should be the company priority concern and the controlling environment should also need a revision regarding updating the mechanism for keeping and protecting the company vital asset from fraud perpetrators.

Keywords: Internal Control, Commercial Bank of Ethiopia, Hawassa city

Edition: Volume 8 Issue 12, December 2019

Pages: 414 - 418


How to Cite this Article?

Tekalign Negash, "Assessing the Effectiveness of the Internal Control System in the Commercial Banks of Ethiopia: A Case of Hawassa City", International Journal of Science and Research (IJSR), https://www.ijsr.net/search_index_results_paperid.php?id=ART20203192, Volume 8 Issue 12, December 2019, 414 - 418

58 PDF Views | 46 PDF Downloads

Download Article PDF



Similar Articles with Keyword 'Internal Control'

Research Paper, Accounting, Kenya, Volume 6 Issue 10, October 2017

Pages: 1034 - 1039

Financial Factors Affecting Growth of Audit Firms in Kenya: A Survey of Audit Firms in Nairobi City County

Stephen Wambua Munuve, Dr. Joseph Obwogi

Share this article

Research Paper, Accounting, Iraq, Volume 7 Issue 6, June 2018

Pages: 326 - 333

The Relationship and Impact of Electronic Operation on Improving Efficiency and Effectiveness of the Internal Control System

Huda Saleh Meften

Share this article

Research Paper, Accounting, Indonesia, Volume 8 Issue 1, January 2019

Pages: 1263 - 1267

The Effect of Competence of Human Resources, The Utilization of Information Technology and the Optimization of Asset Management on Quality of Financial Reporting by Moderated the Effectiveness of Internal Control

Atrina Ariyani Gafar, Arifuddin, Madris

Share this article

Research Paper, Accounting, Ethiopia, Volume 8 Issue 12, December 2019

Pages: 414 - 418

Assessing the Effectiveness of the Internal Control System in the Commercial Banks of Ethiopia: A Case of Hawassa City

Tekalign Negash

Share this article

Research Paper, Accounting, Indonesia, Volume 8 Issue 5, May 2019

Pages: 123 - 129

The Effect of Internal Controlling System, Government Accounting Standard and the Accomplishment of Audit Findings on the Quality of Financial Statement

Meiliana Kurniawati, Hari Setiyawati

Share this article

Top