ABSTRACT Small and medium enterprises (SMEs) have been considered as the engine of economic growth and for promoting equitable development. Nowadays, they represent about 60% of all types of enterprises in Ghana, with providing high job opportunities to its labour force. As these enterprises need to focus their development, the internal control mechanism is a means and a way of directing, monitoring and measuring the SMEs resources. It plays a vital role in preventing, detecting fraud and protecting the physical and intangible resources as well as leading to the high efficiency of the business operation. Therefore, focusing on this business area is a timely issue and a rewarding one since it contributes a lot to the majority of business enterprise involved in SMEs. This study examines internal control practices and describes the effect of internal control systems on the performance of Ghanaian small and medium-size enterprises specifically in ADENTA MUNICIPAL ASSEMBLY. Questionnaires were sent to the various selected SMEs. Through observation and personal interviews, the views of respondents on the state of internal control systems were sought. The study employed a multiple case analysis in identifying internal control system practices in the SMEs. The study found out that, contrary to what is generally suggested, SMEs are aware of the importance of having a good internal control system. Also, not all of the components of the COSO framework were found in SMEs.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:429269 |
| Date | January 2019 |
| Creators | Adjorkor Mensah, Monica |
| Source Sets | Czech ETDs |
| Language | English |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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