Abstract:
Current business trends have made it imperative for almost all large organisations to maintain effective internal control systems. Internal control has attracted intense debate and scholarly attention across industries. It is against this background that this study was conducted into the consequences of internal controls on performance of firms. The main objective of the study is to look at the consequences of internal controls on the performance of Awumapa Buyers Company Ltd.
Description:
Any entity of whichever form or size should put in place its own system of controls in order to achieve its objectives (Kaplan, 2008). A system of effective internal controls is a critical component of company management and a foundation for the safe and sound operation of organisations. However, ineffective controls result in ineffective programmes and eventually leading to losses (Campbell, 2008).
