Ackah

Effectiveness of Internal Control Ackah

Scientific Study from the year 2013 in the subject Business economics - Miscellaneous, grade: A, Atlantic International University (School of Business and Economics), course: MSc Economics, language: English, abstract: The purpose of this study was to look into effectiveness of internal control system as a quality control mechanism in Internal Revenue Service, Koforidua so as to improve cash inflows and internal control measures as far as possible cash outflows. Simple random sampling was used in eliciting data from the members of the population. The instruments used in collecting data were questionnaire, interviews, observation and document analysis. The main results of the study was that even though Internal Revenue Service had a very effective policies, strategies and procedures with regards to cash receipts, cash payments and cash investments strict implementation of these policies strategies and procedures is not very encouraging