Get the complete project »
- The Complete Research Material is averagely 54 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
The purpose of this study is to examine internal control in WAEC examinations. The study investigates key problems in internal controls regarding of competency of internal supervisor, scope of control work, independency of the supervisor, WAEC perception about the internal control, implementation of control recommendation and the available punishments for violations of internal control procedures effectively applied in the administration. This descriptive research is conducted by using mixed method approach. Data collection includes questioner with 73 internal supervisors, documentary analysis and semi-structured interview with by taking purposive sample of internal supervisors, principals and invigilators. With these research methods, the findings of the study revealed that the internal control system in the West African Examination is ineffective.
1.1 Background of the Study:
Internal control was defined by the Auditing standards and guideline as a whole system of control both exams and otherwise, established by WAEC in order to carry on the business of on enterprise in an orderly and efficient manner, ensure adherence to WAEC polices, safeguard the asset and secure as far as possible the completeness and accuracy of records.
In reality, internal control form the bedrock of auditing both from the point of view of WAEC and the auditor, its objectives being the prevention or early detection of fraud and errors. It may include internal supervising which qualifies as part of the system of internal control and it is designed for the following reasons:
(a) To enforce exams and other control:
(b) Ensure adherence to WAEC policy
(c) Help to safeguard the assets (cash)
(d) To ensure the accuracy and reliability of the records
(e) Help to ensure orderliness in the business and
(f) Help in the prevention and early detection of fraud and errors.
An artificial review of the change in the Accounting practice will depict the essence of internal control system in an organization especially in an examining body.
The earliest known form of accounting, which is stewardship, Accounting started as far back as 450 B.C. This form of accounting involves the orderly recorded of business transaction by person appointed by the landlord to serve as a stewards for them. This was later changed as the recording remained primitive stewardship accounting pave may to exams accounting during the nineteenth century which marketed the era of industrial revolution”. This indeed led to the advent of joint stock companies- a situation where by group of individuals contributed capital in exchange for shares in the asset and profits of the school sea bubble of 1720, had earlier on instilled fear and suspicion in the mind the public that they doubt the ability of the directors to carry out this type of trade honestly.
WAEC accounting however, is not left but for it is another aspect of accounting that got it authority and ground from the historical recording and analyzing role of accounting to emphasizing detailed information for internal planning, control and decision making.
Currently most business are operated by limited liability companies which are owned by their share holders, but managed by the directors appointed by them.
In the same vein, the public corporation and establishment, and even examining bodies are owned by the public but under WAEC of appointees.
The appraisal of the work of these appointees are carried out by an independent person referred to as an auditor, who is charge with the responsibility of evaluating and examining the accounts of WAEC and report on his finding to the owners (share holder) of the school or corporations. It is pertinent to note that one of the tools or mechanism adopted by an auditor in appraising the work of WAEC is the internal control system with this system of control, the share holder are convinced or self assured on efficient and effective WAEC of their assets and resources.
1.2 STATEMENT OF PROBLEM:
In an attempt to overcome envisaged problem in the presentation of accounting information and the system internal control, the government made a leading statement and regulations which serve as a yard sticks by which an accounting system could be measured. Also accounting and Auditing professional bodies laid town some guidelines, which will guide their member, and all practicing Accountants and Auditor in the performance of their professional duties.
It is pertinent to note that several cases of frauds, misappropriation of public funds, looting of public properties, and other irregularities in connection with public funds have been reported in different establishment in our country which West African Examination Council is not exceptional.
Therefore, it is the aim of the research to use this study entitled “internal control an examining body” to ascertain the effectiveness of control system employed in government owned establishment by using the laid down rules and regulations as parameters.
1.3 Purpose Of the Study:
The mission statement of the study is to find out the effort made by government institution including the bodies towards ensuring compliance with the set out police, guidelines and procedures as laid down by Auditing standards and guidelines and the exams Regulations.
Internal supervisor function however, need to be reviewed in order to find out the extent it is performing its duties as the internal control system watchdog. Also there is need to ascertain the objectives of internal control the basis for its development and factors militating against it smooth running. Questions on whether the control measures employed by the examining bodies are adequate relevant and reliable as to ensure the safety of assets, completeness and accuracy of record should be ensured.
Findings, recommendations on how to improve on the arrears of weaknesses (if any) will be given.
1.4 Scope and Limitations:
Due to the versatility of internal control, it is not possible to deal with it exhaustively going by limitations in time and resources.
In the first place, the time limit is applicable in that the researcher has to handle this as well other courses that will hardness the successful completion of the programme.
Another limiting factor boils down to finance. This has made the research not be detailed because of the hard economic situation in the country and its consequences.
Consequence to the above limitation, the scope of thee research work has been reduced to a manageable level. The study will be restricted to examining bodies with particular reference to the Nationals Examination Council (WAEC) Enugu zonal office and will further be narrowed to four (4) main divisions of internal control viz
1. Fixed asset control
2. Cash control
3. Stock maintenance
4. General exams
1.5 Significance of the Study:
Fraud of all kind and misappropriation of funds and properties are invoked in most government establishment of which the examining bodies are part of the posterity. In order to achieve the corporate objective and the needed fulfillment of the individual employees, there is need for the system of control to be adequate in design, effective and efficient in operations.
Government who is the main provider of funds and resources for these organizations will benefit from this study; as the maternal control system is to conserve funds and resource.
Other who will benefit from this study are the employees of these examining bodies who are dependent upon these organizations for their livelihood. Also future researcher and students may find the study very relevant and beneficial.
Finally, the attendant increase in the examining bodies, this study entitled “internal control in an examining bodies will be of immense interest to the prospective candidates.
1.6 Research Questions
The following research questions were formulated by the researcher:
1. What are the impacts of internal control system in West African Examination Council?
2. How effective is the internal control system in West African Examination Council?
3. What are the problems encountered by the internal control unit of the organization?
4. How adequate is the control measures employed by the examination body?
5. How can the problems be solved?
1.7 Statement of Hypothesis:
Below was the hypothesis-formulated test the effectiveness of internal control system in an examining bodies using West African Examination (WAEC) as a paradigm:
The internal control system in the West African Examination is ineffective.
1.8 Definition of Terms:
For clarity and common understanding misinterpretations the following specialized terms are hereby defined:
This is an independent appraisal function with an organization for the review of system of control and the quality of performance as a service to the organization. Their objective examines, evaluates and reports adequacy of internal control as a contribution to the proper economic, efficient use of resources.
Continuously as part of the routine system, whereby the work of one person is proved independent or is complementary to the work of another. The rationale behind this is for prevention or early detection of errors and delegation and fraud. It includes matters. Such as delegation and allocation of authority and the division of work, the method of recording transactions, and the use of independently ascertained total against which a large number of individual items can be proved.
This is a method of auditing which involved a consideration of each entry in the book and vouching the available evidence to support each entry, the evidence usually consist of document and papers and should satisfy the auditor that.
(a) the transaction was authorized by WAEC.
(b) The transaction was correctly and adequately described by the entry in the book.
(c) The entry is correctly incorporated in the final accounts.
(d) The transaction came within the aims and objectives of the organization.
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
SIMILAR EDUCATION FINAL YEAR PROJECT RESEARCH TOPICS
» CHAPTER ONE INTRODUCTION 1.0 BACKGROUND OF THE STUDY As long as human being need each other in behaviour and action economic activities as well as adm...Continue Reading »
2. THE IMPACT OF INSTRUCTIONAL MATERIALS ON THE LEARNING AND TEACHING OF ECONOMICS IN SENIOR SECONDARY SCHOOLS IN ISOLO LGA» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The influence of instructional materials in promoting students’ academic performance and te...Continue Reading »
3. INFLUENCE OF MOTIVATION ON THE EFFECTIVE PARTICIPATION OF RURAL WOMEN IN ADULT BASIC EDUCATION PROGRAMME» READY IN 3 BUSINESS DAYS...Continue Reading »
4. THE EFFECTS OF TEACHING METHODS ON STUDENTS’ ACADEMIC PERFORMANCE IN SOCIAL STUDIES IN SELECTED SECONDARY SCHOOLS IN UYO METROPOLIS, AKWA IBOM STA...» ABSTRACT The study sought to investigate the effects of teaching methods of students’ academic performance in social studies in Uyo metropolis. ...Continue Reading »
5. ATTITUDES OF TEACHERS TOWARDS THE USE OF INSTRUCTIONAL MATERIAL IN THE EFFECTIVE TEACHING AND LEARNING OF INTEGRATED SCIENCE EDUCATION IN SECONDARY SC...» CHAPTER ONE 1.0 INTRODUCTION 1.1 Background to the Study The influence of instructional materials in promoting students’ teaching and learning i...Continue Reading »
» CHAPTER ONE INTRODUCTION Background of Study The issue of undesirable behaviours among children today is a cause of concern among parents, teachers, g...Continue Reading »
7. THE EFFECT OF SOCIAL MEDIA ON STUDENTS ACADEMIC PERFORMANCE IN SOCIAL STUDIES; A STUDY OF SELECTED SECONDARY SCHOOLS IN KADUNA SOUTH LOCAL GOVERNMENT ...» CHAPTER ONE 1.1 Introduction The advent of the internet in the 1990s led to major developments in the world of communication. Hence, the introduction ...Continue Reading »
» ABSTRACTThe study focuses on the methods of teaching computer courses to computer science major in selected Nigeria polytechnics.It examines the backg...Continue Reading »
9. SKILLS IMPROVEMENT NEEDS OF ELECTRICAL/ELECTRONICS TECHNOLOGY TEACHERS IN TECHNICAL COLLEGE IN KATSINA ZONE» CHAPTER I INTRODUCTION Background of the study Technical and vocational education could be defined as those aspects of education process involving in ...Continue Reading »
10. PERCEPTION OF JUNIOR SECONDARY SCHOOL STUDENTS ON TEACHERS’ ATTITUDE AND COMPETENCE IN BASIC SCIENCE TEACHING IN SOKOTO STATE, NIGERIA» ABSTRACT This study investigated perception of junior secondary school students on Teachers’ Attitude and Competence in Basic Science teaching in So...Continue Reading »