Evaluating the effectiveness of internal controls in reducing Revenue leakages at parastatals. A case of Zimbabwe National Roads Administration (ZINARA)
- Author
- Nigel Bairn Gwerevende
- Title
-
Evaluating the effectiveness of internal controls in reducing Revenue leakages at parastatals. A case of Zimbabwe National
Roads Administration (ZINARA)
- Abstract
-
The research evaluated the effectiveness of internal control systems on reducing revenue leakages at parastatals a case of Zimbabwe National Roads Administration (ZINARA). The objective of the research consisted of: determining of types of internal controls in use at Zinara, draw inferences on the link between physical auditing and income leakage reduction and if supervision and monitoring have an impact on reducing revenue leakage. The study used descriptive research design. Data was gathered using questionnaires and interviews. Data analysis was done using microsoft excel for quantitative and for qualitative thematic analysis was used. The researcher found that Zinara's internal control methods are not really extremely effective, although they can help decrease revenue leakage on average. Staff and management commit fraud and the go scot free, and some of the schemes are only detected after an extensive period. And the researcher made the following suggestions: capacitating its risk and security intelligence department, restructuring its existing organizational structure and clearly outline the role of everyone.
- Date
- 2022
- Publisher
- BUSE
- Keywords
- Zimbabwe National Roads Administration (ZINARA).
- Parastatals
- Supervisor
- N/A
