ASSESSING THE ACCOUNTING CONTROL SYSTEMS OF ELECTRICITY COMPANY OF GHANA, ASHANTI WEST REGION

Abstract

Effective accounting control systems hammered by the Public Accounts Committee of Parliament, ushered the study into assessing that of the ECG, Ashanti West Region. The main purpose of this study is to assess the accounting control systems in place, and recommend any lapses as to behavioural or others. The population used for the study is made up of Managers, Accounting Staff and Cashiers of the ECG, Ashanti West Region. Since the entire population cannot be used for the study, a determinant is used for ascertaining the sample size. The non-probability sampling methods of convenience and judgmental are adopted for the study. The data collection methods used is questionnaires and interviews for derived analysis. The study’s hypothesis refuted the null with a p<1.0 of 0.05938, indicating that, ECG, Ashanti West Region does have Accounting Control Systems. Conclusions emanates to weak supervision and know-how of policy and procedures enshrined in their Accounting manual. Amongst recommendations made included training on the subject area and an academic study for assessment on consequences of lapses for failures on ensuring accounting control systems in organizations