The impact of internal control system on the financial management of an organization – a case study of Nasco Nigeria limited company, Jos, Plateau
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Over the years, there have being a problem of incorrect and unreliable financial record which has lead to loss of organizational integrity. The research work aimed among others at determining the relationship between internal measures to proper accounting records. A survey research design was adopted for this research study and a sample size was selected using Strafied sampling technique as data used were obtained from both primary and secondary sources. Four research questions were formulated out of which two hypothesis were formulated using chi-square method at 5% level of significance . The finding from the analysis indicates that internal control measure management performance and is necessary for the growth and effectiveness of the organization. Financial management of any organization cannot do without internal control as true and fair presentation of financial statement may never be possible if the board and senior management are not committed to providing a well planned internal control system. It also recommends that a periodical review of the organization should be done by the management so as to cope with the model trends in organizational fraud prevention
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