PERCEPTIONS OF EMPLOYEES OF INTERNAL CONTROL IN THE OPERATIONS OF FINANCIAL INSTITUTIONS /
Kamara, Mustapha
PERCEPTIONS OF EMPLOYEES OF INTERNAL CONTROL IN THE OPERATIONS OF FINANCIAL INSTITUTIONS / MUSTAPHA KAMARA; SUPERVISOR: ASSOC. PROF. DR. DEMET BETON KALMAZ - 66 sheets; 31 cm. Includes CD
Thesis (MBA) - Cyprus International University. Institute of Graduate Studies and Research Business Administration Department
Includes bibliography (sheets 53-57)
ABSTRACT
Banking challenges are caused by an ineffective internal control system for the core processes. If the internal control of a bank is poor, its performance will always be poor which leads to the exposure of different types of risks that includes waste, fraud, embezzlement, and many more. The purpose of this research is to evaluate the effect of internal controls in the operations of Sierra Leone Commercial Bank. The scope of this study was to examine and evaluate the relationship between internal controls and the performance of Sierra Leone Commercial Bank, using a descriptive survey design that was based on quantitative analyses. Primary data obtained through questionnaires issued to staff of the bank was used. The SPSS was used to analyse the data by obtaining means, standard deviations etc. The results of this study clearly show the extent to which an internal control system can lead to positive financial and non-financial performance at the Sierra Leone Commercial Bank. Furthermore, the key components of internal control system of Sierra Leone Commercial Bank (control environment, risk assessment, monitoring and evaluation, information, and communication) affect the back as evidenced from the results obtained. The Likert scale values for almost all the constructs showed that the respondents agree that these components impact the bank. From the results obtained, it was recommended that institutions should have control policy formulated, regular control systems reviews, accountants must comply with accounting standards. And further studies must be done in this area since many studies are still needed for better understanding of the determinants of control systems and financial performance implications.
Banks and banking--Dissertations, Academic
Banks and banking--Sierra Leone--Dissertations, Academic
Performance--Dissertations, Academic
PERCEPTIONS OF EMPLOYEES OF INTERNAL CONTROL IN THE OPERATIONS OF FINANCIAL INSTITUTIONS / MUSTAPHA KAMARA; SUPERVISOR: ASSOC. PROF. DR. DEMET BETON KALMAZ - 66 sheets; 31 cm. Includes CD
Thesis (MBA) - Cyprus International University. Institute of Graduate Studies and Research Business Administration Department
Includes bibliography (sheets 53-57)
ABSTRACT
Banking challenges are caused by an ineffective internal control system for the core processes. If the internal control of a bank is poor, its performance will always be poor which leads to the exposure of different types of risks that includes waste, fraud, embezzlement, and many more. The purpose of this research is to evaluate the effect of internal controls in the operations of Sierra Leone Commercial Bank. The scope of this study was to examine and evaluate the relationship between internal controls and the performance of Sierra Leone Commercial Bank, using a descriptive survey design that was based on quantitative analyses. Primary data obtained through questionnaires issued to staff of the bank was used. The SPSS was used to analyse the data by obtaining means, standard deviations etc. The results of this study clearly show the extent to which an internal control system can lead to positive financial and non-financial performance at the Sierra Leone Commercial Bank. Furthermore, the key components of internal control system of Sierra Leone Commercial Bank (control environment, risk assessment, monitoring and evaluation, information, and communication) affect the back as evidenced from the results obtained. The Likert scale values for almost all the constructs showed that the respondents agree that these components impact the bank. From the results obtained, it was recommended that institutions should have control policy formulated, regular control systems reviews, accountants must comply with accounting standards. And further studies must be done in this area since many studies are still needed for better understanding of the determinants of control systems and financial performance implications.
Banks and banking--Dissertations, Academic
Banks and banking--Sierra Leone--Dissertations, Academic
Performance--Dissertations, Academic