The objective of the study was to examine the impact of internal control on organizational performance a case study of Wema Bank branches in Ijebu North Local Government Areas of Ogun State, Nigeria. This is imperative because bad corporate governance in Nigeria has caused the downfall of most firms which underscores the importance of effective corporate governance procedures to the survival of the micro economy. This means that “even strong economics, lacking transparent control, responsible corporate boards, and shareholders right can collapse quite quickly as investor’s confidence collapse”. In an attempt to achieve the broad objective of the study, four hypotheses were raised in the study for validation and a sample of all Wema bank branches in Ijebu North Local Government of Ogun State was used in the study. Data for the analysis was collected through the use of a self-structure design questionnaire. The simple percentage methodand regression method was used in the analysis and the result was facilitated using the statistical package for social and sciences (SPSS 20.0). The result of the analysis at 5% level of significance shows that internal control has a positive significant impact on the performance of banks in Nigeria. The study also established that internal control exerts a positive significant impact on the quality of financial and management reporting of banks in Nigeria. The study also established that internal control has a significant positive impact on the performance of organizations’ budget in bank .Finally, the study established that the prevailing problems of internal control have a significant negative effect on the level of organizational performance. Among others the study recommends that banks in Nigeria should upgrade their internal control designs as this will be deterrence to staff who may want to commit fraud.
TABLE OF CONTENTS
CHAPTER ONE – INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Objectives of the Study
1.4 Research Questions
1.5 Research Hypothesis
1.6 Scope of the Study
1.7 Justification of the Study
1.8 Operational Definition of Terms
CHAPTER TWO – LITERATURE REVIEW
2.1 Conceptual Review
2.1.1 The Concept of Internal Control System
2.1.2 Classification of Internal Control
2.1.3 Types of Internal Control
2.2 Theoretical Review
2.2.1 Contingency Theory
2.2.2 Sociological theory of crime/fraud
2.2.3 Psychological/Physiological Theory
2.2 Empirical Literature
CHAPTER THREE – RESEARCH METHODOLOGY
3.1 Research Design
3.2 Study Area
3.3 Population of the Study
3.4 Sample Size and Sampling method
3.5 Data Type and Instrument for Collecting data
3.6 Validity and reliability of research Instrument
3.7 Model Specification
3.8 Method of Data Analysis
CHAPTER FOUR – PRESENTATION AND ANALYSIS OF DATA
4.1 Data Presentation
4.2 Interpretation of Results
4.3 Implication of findings
CHAPTER FIVE: DISCUSSION, CONCLUSION, AND RECOMMENDATIONS
5.1 Discussion of Findings
5.2 Conclusion
5.3 Recommendations
REFERENCES
APPENDIX
