·1 his study is a result of an academic research entitled ·'internal control systems and fina ncial
performance in commercial banks case study equity bank." , the objectives of the study
were to find out the effect of Segmentation of duties on financial performance of
commercial equity bank, to establish the effect of authorization on financial performance of
commercial bank and to find out the effect of budgeting on financ ial performance of
commercial bank descriptive date collection techniques was used. The resea rcher used a
sample size of 150 respondents. The researcher used Statistical Package for social scientists
(SPSS) to analyse data. From the study findings internal controls and performance of
commercial banks are inseparable terms. The respondents and interviewees were quite aware
on the influence of internal control systems on the performance of commercial banks such as
equity Bank (U) Ltd. It was v iewed that, internal control plays very important roles in the
per formance of equity Bank (U) Ltd were identified where 94% of the total respondents
concurred with the fact and mentioned roles such as it ensured business or the entity was
carried on in an efficient and orderly manner.
The conclusions were Internal control systems which relied entirely on segmentation of
duties, plans of organization, budgeting, authorization and approval, rotation or employees.
safeguarding of assets among others may be used to control frauds. embezzlement and
accounting errors that is, it ensured proper and satisfactory cash management and hence
good performance of equity Bank (U) Ltd.
On the above basis the researcher recommended that segmentation of duties should be
adopted to eliminate or minimize the chances or consequences which are likely to happen as
the resu lt of fai lure to segment the duties in equity Bank (U) Ltd 's to bring about good
performance. On budgeting the researcher recommended that equity bank should establish
authority and responsibility centres for every function to provide basis for the cost centre. an
organization plan should indicate clea rly the department or person responsible for such
function as purchasing, receiving incoming shipments, maintaining accounting records.
approving fina ncial matters and preparing the financial year budget.
Research, S. (2022). EFFECTS OF INTERNAL CONTROL SYSTEMS AND FINANCIAL PERFORMANCE IN COMMERCIAL BANKS: (A CASE STUDY OF EQUITY BANK KABALAGALA BRANCH). Afribary. Retrieved from https://afribary.com/works/effects-of-internal-control-systems-and-financial-performance-in-commercial-banks-a-case-study-of-equity-bank-kabalagala-branch
Research, SSA "EFFECTS OF INTERNAL CONTROL SYSTEMS AND FINANCIAL PERFORMANCE IN COMMERCIAL BANKS: (A CASE STUDY OF EQUITY BANK KABALAGALA BRANCH)" Afribary. Afribary, 14 Aug. 2022, https://afribary.com/works/effects-of-internal-control-systems-and-financial-performance-in-commercial-banks-a-case-study-of-equity-bank-kabalagala-branch. Accessed 28 Sep. 2022.
Research, SSA . "EFFECTS OF INTERNAL CONTROL SYSTEMS AND FINANCIAL PERFORMANCE IN COMMERCIAL BANKS: (A CASE STUDY OF EQUITY BANK KABALAGALA BRANCH)". Afribary, Afribary, 14 Aug. 2022. Web. 28 Sep. 2022. < https://afribary.com/works/effects-of-internal-control-systems-and-financial-performance-in-commercial-banks-a-case-study-of-equity-bank-kabalagala-branch >.
Research, SSA . "EFFECTS OF INTERNAL CONTROL SYSTEMS AND FINANCIAL PERFORMANCE IN COMMERCIAL BANKS: (A CASE STUDY OF EQUITY BANK KABALAGALA BRANCH)" Afribary (2022). Accessed September 28, 2022. https://afribary.com/works/effects-of-internal-control-systems-and-financial-performance-in-commercial-banks-a-case-study-of-equity-bank-kabalagala-branch