An Appraisal of Internal Control System as a Mean of Efficiency and Profitability in the Nigeria Money Deposit (A Case Study of Main Street Bank Nigeria Plc)

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CHAPTER ONE

1.1   INTRODUCTION

         In banking, Accounting and auditing internal control are defined as a process affected by an organization structure, work and authority flow, people and management information system designed to help the banking accomplish specific goals or objectives. It is a means by which an organization resources are directed, monitored and measured. It plays an important role in preventing and detecting fraud and protecting the organization’s resources. Internal control-integrated framework, a widely-used framework in not only the United State but around the world, internal control is broadly defined as a process, effected by an entity’s board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories.

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APA

Frontiers, E. & REMILEKUN, O (2021). An Appraisal of Internal Control System as a Mean of Efficiency and Profitability in the Nigeria Money Deposit (A Case Study of Main Street Bank Nigeria Plc). Afribary. Retrieved from https://afribary.com/works/an-appraisal-of-internal-control-system-as-a-mean-of-efficiency-and-profitability-in-the-nigeria-money-deposit-a-case-study-of-main-street-bank-nigeria-plc

MLA 8th

Frontiers, Edu, and OLUJEKUN REMILEKUN "An Appraisal of Internal Control System as a Mean of Efficiency and Profitability in the Nigeria Money Deposit (A Case Study of Main Street Bank Nigeria Plc)" Afribary. Afribary, 24 Dec. 2021, https://afribary.com/works/an-appraisal-of-internal-control-system-as-a-mean-of-efficiency-and-profitability-in-the-nigeria-money-deposit-a-case-study-of-main-street-bank-nigeria-plc. Accessed 24 Jan. 2022.

MLA7

Frontiers, Edu, and OLUJEKUN REMILEKUN . "An Appraisal of Internal Control System as a Mean of Efficiency and Profitability in the Nigeria Money Deposit (A Case Study of Main Street Bank Nigeria Plc)". Afribary, Afribary, 24 Dec. 2021. Web. 24 Jan. 2022. < https://afribary.com/works/an-appraisal-of-internal-control-system-as-a-mean-of-efficiency-and-profitability-in-the-nigeria-money-deposit-a-case-study-of-main-street-bank-nigeria-plc >.

Chicago

Frontiers, Edu and REMILEKUN, OLUJEKUN . "An Appraisal of Internal Control System as a Mean of Efficiency and Profitability in the Nigeria Money Deposit (A Case Study of Main Street Bank Nigeria Plc)" Afribary (2021). Accessed January 24, 2022. https://afribary.com/works/an-appraisal-of-internal-control-system-as-a-mean-of-efficiency-and-profitability-in-the-nigeria-money-deposit-a-case-study-of-main-street-bank-nigeria-plc