Impact Of Internal Control Mechanism On Organizational Productivity In Nigeria (A Study Of Selected Companies)

ABSTRACT

Internal control is a whole system of control; financial or otherwise establish by management in order to carry on the business of the enterprise in an orderly and efficient manner, ensure adherence to management's policies, safeguard the assets and secure as far as possible, and also check the completeness and accuracy of the records (Auditing Practice Committee (APC), 1980), It can also be defined as an organized amalgamation of functions and procedures, within a complete system of controls established by the management and whose purpose is the successful function of the business