PROPOSAL
This project is about the internal control system in government establishment
Internal control comprises the plan of organization in all the coordinated method and measuring within a business to safeguard the asset check accuracy and reliability of its accounting data. Promote efficiency and encourage adherence to prescribed managerial policies. The project work has been carefully arranged as to contain the following chapters.
Chapter one contains the study as well as the scope and limitation of the study. While in chapter two attempts was made to review some literature as related to internal control system in government establishment (institution, the method of data collection was discussed in chapter three and difficulties of internal control system were discussed in chapter four and chapter five is the summary and conclusions of the work.
TABLE OF CONTENT
TITLE PAGE PAGES
CERTIFICATION I
DEDICATION II
ACKNOWLEDGMENT III
PROPOSAL IV
LIST OF THE TABLE V
CHAPTER ONE
- INTRODUCTION 1
- OBJECTIVES OF THE STUDY 5
- SCOPE OF THE STUDY 5
- LIMITATION OF THE STUDY 6
- DEFINITION OF THE STUDY 7
CHAPTER TWO
- LITERATURE
REVIEW OF INTERNAL SYSTEM 8
- ESTABLISHMENT OF INTERNAL CONTROL 10
- COMPONENT OF A SOUND INTERNAL CONTROL
SYSTEM 11
2.4 ELEMENT OF INTERNAL CONTROL SYSTEM 14
2.5 THE ROLE OF INTERNAL CONTROL SYSTEM 17
2.6 LIMITATION OF INTERNAL CONTROL SYSTEM 18
2.7 PROFILE OF KWARA STATE TRANSPORT CORPORATION 26
2.8 SUMMARY OF FUNCTION PERFORMED BY CASH DEPARTMENT 27
2.9 PROCEDURE FOR THE PREPARATION AND PAYMENT OF WAGES SALARIES AND CLAIMS IN KWARA STATE TRANSPORT CORPORATION 28
CHAPTER THREE
- RESEARCH
METHODOLOGY 34
- DATA COLLECTION 34
- ANALYSIS OF QUESTIONNAIRE 35
- HISTORICAL BACKGROUND OF THE CASE STUDY 36
- INSTRUMENT USED IN DATA COLLECTION 37
- SAMPLING PROCEDURE EMPLOYED 38
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS OF DATA
- INTRODUCTION 40
- PRESENTATION AND ANALYSIS OF DATA 40
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- SUMMARY
51
- CONCLUSION 52
- RECOMMENDATION 54
BIBLIOGRAPHY 55
CHAPTER ONE
- INTRODUCTION
This project work center around the international control system in government institution with a critical look into the kwara state transport corporation popularly know as kwara express, established by the kwara state transport corporation edit No 14 of 198, which earn INTO FORCE ON 11th FEBUARY 1998.
Every day, critism and allegation are being levied on some government parastatals by the public as being in productive and in efficient
For example there has been many debate as to whether or not the Nigeria railways should be privatized. Some extremists have gone pace away demanding and immediate scrapping of the railways.
The reason for this allegation are not fetched, the operation of the railways have always argued that the railway was established to provide essentials transport service to the public and the case of profiteering is quite secondary and because of that internal control in railways corporation are very loose.
The researcher has gather that for many fear now, the Nigeria railways is saddled with it’s poor revenue returns, a condition that has forced the corporation to rely hearing on the federal government subventions which at tones come below the projected estimate hence the suspension of most of the total service of the corporation to the public and in some instance the delay in payment of staff salaries government institution can still be efficient in their service to the public by having a good internal control system. The system must be monitored by intelligent and honest person coupled with the will ingress of the management to establish some. Internal system is know to be the system of control on finance or other wise established by the management on other to guide the assets of the company. From the data gathered, it is understood that why the private and public organization have good internal control system because most posses profit orientation relatively, private and public companies pay tax to the government why government institution pay little or on tax at all and most of the do not care whether or not there are good internal control system
Kwara state transport corporation a profit oriented organization was established on the 11TH February, 1998 by the them military administration group captain Ibrahim Alkali as part of the administration commitment to offer cheap transportation service to the public and solve the problem of exploitation by the state ministry of work, although, with impended management boldly and self –accounting in nature, the corporation share holding is 100% government owned.
The internal control system of the corporation has gather command and praise possibly because use of its profit orientation. Beside, the transport services offered by the corporation, it deals in the sales of petroleum product of the initial stage the corporation also proposed to deal in courier services the effective of the services can not be easily assert aimed as some is certainly on conflict with the edict establish in gather corporation internal control system in kwara state transport corporation shall be evaluated in subsequent chapters. The writer tried to examine the problem militating against the efficiently control system in government establishment with emphasis in finding during the research appreciates the need for management to establish effective internal control system in the organization, effort shall be geared to recommend their relevant measures not only to maintain the system in the organization but also being about better ideas that can improve the system.
