INTERNAL CONTROL PROCESS AS AN EFFECTIVE TOOL FOR MANAGEMENT (STUDY OF NATIONAL PETROLEUM INVESTMENT MANAGEMENT SERVICES)

ABSTRACT

This study examine internal control as an effective tool for management with national petroleum investment management in focus and the objectives of study include: Investigate the effectiveness of internal control system in resolving business issued in order to facilitate growth. Assess if internal control is highly prioritized to prevent mistakes and fraud. Examine the relationships between performance and efficiency towards organizational reengineering process. Appraise the interdependence between internal control and decision making in the organization. Evaluate the extent to which employees are co-opted into internal control and decision making process and draw a logical conclusion from the findings. Survey research design was adopted for the study and 120 respondents. were randomly selected for the survey. 107 questionnaires were returned completed, giving a response rate of 89%. A five-point likert scale question was developed to collect information from the respondents. The data were analyzed using descriptive statistics. The core finding of the study shows that internal-: control is very crucial for a good management decision making process.

 


TABLE OF CONTENTS

Title page

Certification

Dedication

Acknowledgement

Abstract

Table of content

 

CHAPTER ONE: INTRODUCTION

1.1     Background of the Study

1.2     Statement of Research Problem

1.3     Objective of the Study

1.4     Research Questions

1.5     Hypotheses

1.6     Significance of Study

1.7     Scope of the Study

1.8     Definition of Terms

 

CHAPTER TWO: LITERATURE REVIEW

2.1     Introduction

2.2     Internal Control Models

2.3     Conceptual Framework of Internal Control

2.4     Objectives of Internal Control Systems

2.5     Essential Features of Internal Control Systems

2.6     Parties Responsible for and Affected by Internal Control

2.7     Elements that Contributes to a Successful Control Environment

2.8     Background Information of National Petroleum

 

CHAPTER THREE: METHODLOGY

3.1     Introduction

3.2     Research Design

3.3     Restatement of Research Question

3.4     Restatement of Research Hypotheses

3.5     Population of Study

3.6     Sample Size

3.7     Data collection Method

3.8     Description of Research Instrument

3.9     Procedure for Data Analysis

3.10   Limitation of the Study

 

CHAPTER FOUR: DATA PRESENTATION

4.1     Overview of the Chapter

4.2     Analysis of Socio - Economic Data

4.3     Analysis of Structured Part of Questionnaire

4.4     Test of Hypotheses

 

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION

AND RECOMMENDATIONS

5.1     Summary of Findings

5.2     Conclusion

5.3     Recommendations

5.4     Suggestion for Further Studies

APPENDIX

QUESTIONNAIRE

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