THE EFFECTIVENESS OF INTERNAL CONTROL SYSTEMS IN PUBLIC SECOND CYCLE INSTITUTIONS IN KUMASI METROPOLIS

Abstract

For every company to be strong without threat of fraud, errors and misappropriation of assets which eventually lead to the collapse of many institutions, there must be an effective and efficient internal control systems. The objective of the study was to find out whether or not internal control systems are stipulated by legislation and regulators of the Financial Administration Regulation, Public Procurement Act and Internal Audit Act is what is practiced in the public second cycle institutions in Ghana.