Effectiveness of internal controls in the financial performance of a construction company in Zimbabwe
- Author
- Nyamusa, Prisca
- Title
- Effectiveness of internal controls in the financial performance of a construction company in Zimbabwe
- Abstract
-
Internal control is involves an organization's structure, work and authority flows, peopleand management information systems, designed to help the organization accomplish specific goals. Organizational performance comprises the actual output or results of an organization as measured against its intended outputs (or goals and objectives). It involves the ability of an organization to fulfill its mission through sound management, strong governance and a persistent rededication to achieving results.
This study uses both primary and secondary research. This highlights the research design, data sources, sampling methods, data analysis and data presentation that were used to collect data for this study. The sampling methods used provided an overview of the study and the target population and the sample.The empirical evidence gathered in this study point out that the internal controlspositively affect firms performance.
Internal Controls are processes designed and affected by those charged with governance, management, and other personnel to provide reasonable assurance about the achievement of an entity’s objectives with regard to reliability of the financial reporting, effectiveness and efficiency of operations and compliance with applicable laws and regulations. Increasingly, reliability of financial reporting in accounting context is very important for the investors who use the information for decision management . The reliability of financial reporting is effective to internal control efficiency to ensure that the transactions and bookkeeping are appropriate and properly authorized, valid, correctly recorded, complete, and on time.
- Date
- JUNE 2024
- Publisher
- BUSE
- Keywords
- internal controls, Financial performance,onstruction company
- Supervisor
- Mr Manyani
- Item sets
- Department of Accountancy
- Media
-
Prisca Nyamusa.pdf