Internal Control System in Banks Prospects and Problems (A Case Study of Union Bank Plc}

ABSTRACT

This researcher examines the prospects and problem of internal control in banks, using Union Bank Plc Muhtala Muhammed way llorin as a case study. Forty-four (44) staff of the bank were randomly sampled. A questionnaire was designed to collect data from respondents,   simple percentage,   chi-square test and average total weighted response (AWTR) to analyze the data collected.    The study revealed that the internal control system is effective in Union Bank Plc,  it was also found out that the purpoled factor is militating against the internal control system. The level of management and gender does not affect the responses of the respondent on factors that are militating against the internal controls system. However, the working experience and education qualification of respondents affect the response of the respondent on factors that are militating against the internal control system. The recommendations were proffered and these are:

I.        The management should daily with the factor militating
against internal control system if the internal control is to be more effective.

II.        Appointment of personnel to a particular work should be base on working experience and educational qualification

III.             The bank should appoint right people into the bank  when they want to employ people.

Iv.    There should be training of all personnel of the    

bank  so that this will improve their skills,

v.      Also internal control system should be review

regularly, so that if there is problem, it can be corrected.

TABLE OF CONTENT

Title page

Certification

Dedication

Acknowledgement

Abstract

CHAPTER ONE

INTRODUCTION

1.1                                     Background of the study

1.2                 Statement of the problem

1.3                 Justification of the study

1.4                                    Statement of hypothesis

1.5                 Objective of the study

1.6                                    Scope of the study

1.7                  Plan of the study.

          CHAPTER TWO

LITERATURE REVIEW

2.1                          Introduction

2.2                          Concept of internal control

2.3                          Classification of internal control

2.4                Types of internal control

2.5                          Reliance on internal control

2.6                 Axes on internal control

2.7                 Objective of internal control

2.8                          Environment of internal control

2.9                Requirement for effective control

2.10                    Application of Internal Control

2.11                    Limitation of internal control

             CHAPTER THREE

RESEARCH METHODOLOGY

3.0                         Types of Data

3.2                         Research design

3.3                        Sample procedure

3.4                        Method of data analysis

CHAPTER FOUR

PRESENTATION AND ANALYSIS OF DATA

4.0                         Data presentation

4.1                Data analysis

4.2                Findings.

           CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.0                         Summary

5.1                         Conclusion

5.2                Recommendations

5.3                         Suggestion for further research
Bibliography