TABLE OF CONTENTS
Title page i
Certification ii
Dedication iii
Acknowledgement iv
Proposal vi
Table of contents vii
CHAPTER ONE
1.1 Introduction 1
1.2 Statement of the problem 4
1.3 Objective of the study 5
1.4 Scope of the study 6
1.5 Significance of the study 6
1.6 Limitation of the study 7
1.7 Definition of terms 7
CHAPTER TWO: LITERATURE REVIEW
2.1 The Concept of Internal Control 9
2.2 Highlights of the Definition 9
2.3 Objective of the Internal Control System 14
2.4 Effectiveness of Internal Control System of International Brewery Company Ilesha 19
2.5 Limitation of Internal Control System of International Brewery Plc Ilesha Osun State 20
2.6  Contribution of EDP based on  Administrative Environment                                                  22
CHAPTER THREE:
3.0 Research methodology 26
3.1 Data collection sources 27
3.2 The Population and Sample Size of the Study 28
3.3 Research Instrument 29
3.4 Sampling techniques 29
3.5 Method of Data Analysis 30
CHAPTER FOUR: DATA ANALYSIS AND INTERPRETATION
4.1 Data Analysis 32
4.2 Test of Hypothesis 40
4.3 Research Finding 44
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary 46
5.2 Conclusion 47
5.3 Recommendations 48
Appendix
Questionnaire
Reference
CHAPTER ONE
1.1 INTRODUCTION TO THE STUDY
The main effectiveness in the management of any organization is growth and survival of the business in a competitive world market, which is also aids the maximizing the wealth of owners.
In order to maintain these standards, the management must place system or technique. The system or techniques instituted by the management to enhance the laid down guidelines and policies set up by the management in order to attain the corporate goals of the organization is termed internal control system, which is an embodiment of internal audit, can be defined as, “the whole system of control both financial and otherwise established by management in order to carrying the business of the company in an orderly and efficient manner, ensure adherence to, management polices safeguard the assets and secure as far as possible the completeness accuracy and validity of books and records of an company.
However, internal control involves various methods and procedure adopted in an organization with a view to safeguarding its assets to promote greater efficiency in operation to carry out effectively the general policies as laid down by the management and to ensure that the accounting and statistical data produced are reliable and accurate.
The essence of the quality of internal in modern day auditing can be compared to that of the foundation work of a house.
The house rest secure and it foundation and modern auditing depends in the same way upon internal control.
A sound internal system is vital to the management and auditors alike, because experience has shown that any deficiency in it leads eventuality to chaos within the organization.
Today, the concept of internal has assumed greater dimension:
It is the nerve system of very business which controls all the operations and polices of business, financial and otherwise.
The control is strictly supervised by the internal audit department through its staff and generally for effectiveness. Internal auditor is given a measure of independence to enables them carry out their work satisfactory and also to enables them report directly to the chief executive of the organization.
The entire internal controls of international Brewery Plc Ilesha are usually divided into divisions and they have joint objectives fraud in the company.
- Preventing fraud in the company
- To provide reliable efficiency
- Safeguarding the assets and records of the company
- To encourage adherence to prescribed policies and directives of the company.
