ABSTRACT The performance and survival of any industry in a rapidly changing environment, among other factors, depends largely upon the internal control systems (ICS) put in place. Given the critical role that ICS play in every industry, the study sought to examine the effect of ICS on performance of companies in the Ghanaian insurance industry. The five variables of ICS developed by the Committee of Sponsoring Organisations (COSO) were used as independent variables whereas the dependent vari...
ABSTRACT The Auditor General of Ghana’s reports on the public accounts of Ghana takes a direction of consistently reporting of malpractices. The role of internal auditors in preventing these occurrences constantly comes into the spotlight. Other researchers found that internal auditors devoted less time to productive activities. The study therefore sought to evaluate the quality of internal audit in the quasi-public sector institutions in preventing mass financial malpractices. Specific at...
ABSTRACT The paper aims to examine the impact of credit risk on the profitability of credit unions in Ghana. The specific objectives are: to examine the methods of measuring credit risk, examine the factors that influence credit standards of credit union, examine the relationship between credit risk and profitability and to assess the credit risk management strategies adopted by credit unions in Ghana. The research design adopted by the study was a descriptive research design. A sample size o...
ABSTRACT With an upsurge of fraud in the current economic scenario experienced, fraud detection have received considerable attention from the investors, academic researchers, media, the financial community and regulators (Sharma & Panigrahi, 2012). This study therefore examines the factors that influence internal auditors‟ fraud detection capabilities in Ghana. To sample the respondents for the study, stratified random sampling technique was adopted and questionnaire was used to solicit in...
ABSTRACT The study was to examine the knowledge and utilization of e-banking facilities in Kaaseman Rural Bank in Ghana. The study used a quantitative and descriptive design of which customers and management of Kaaseman Rural Bank were targeted. Two hundred and eighty respondents were chosen with the aid of simple random sampling technique for selecting the customers while purposive sampling was used to select the managers of the four branches of Kaaseman Rural Bank. Questionnaire was the mai...
ABSTRACT This research examines the financial management practices in non-financial institution using Penfield School as a case study. The study was conducted using qualitative case study research design. The study adopted purposive sampling technique for the selection of interview respondents from Penfield School. 10 respondents were interviewed. These people were selected based on their level of knowledge and involvement in the financial management practices of Penfield School. Semi-st...
Abstract This study examined the role of the audit service in fighting corruption in public institutions in the Ashanti Region. The population for the study encompassed all audit workers in the audit department in the Kumasi Metropolis in the Ashanti Region. A sample of twenty auditors was selected for the study through convenience sampling technique. The findings from the study indicated that there was high level of corruption in public institutions in the Ashanti Region and that the role ...
ABSTRACT Well performing internal audit function has been argued as one of the strongest means of internal control to monitor and promote good governance system in an organization. While internal audit can be used in order to assist management in order to instill a strong ethical tone in the entire organization, a poor attitude by the management can make it hard for the internal auditor to uphold ethical behaviour. As a result, many countries have increased attention on internal audit as an i...
ABSTRACT The Auditor General of Ghana’s reports on the public accounts of Ghana takes a direction of consistently reporting of malpractices. The role of internal auditors in preventing these occurrences constantly comes into the spotlight. Other researchers found that internal auditors devoted less time to productive activities. The study therefore sought to evaluate the quality of internal audit in the quasi-public sector institutions in preventing mass financial malpractices. Specific att...
ABSTRACT The study aims to assess the financial management practices of Ghana Health Service. The specific objectives were to evaluate the effect of budgeting on healthcare delivery, to identify the effect of financial accountability on healthcare delivery and also determine the effect of financial controls on healthcare delivery. The study adopted the survey design. A sample size of 69 out of the population of 223 staff in Akim Oda Government Hospital was used. The instrument used for data c...
ABSTRACT The main objective of this study is to examine the effect of tax policy on growth of small and medium scale businesses. The study was carried out in the New Juaben municipality of the Eastern region of Ghana. In this study the researcher used questionnaires and interviews to collect data from the sample size of 200 out of 400 owners and managers of small and medium scale businesses. Both quantitative and qualitative methods were adapted to analyse data. The data collected was screen...
ABSTRACT This study investigated the level of financial literacy among business owners within the Kumasi Metropolitan Assembly. It also identified the factors affecting the level of financial literacy among small and medium businesses. Questionnaires were developed and administered to 100 selected business owners within the study area. Multiple Regression analysis was performed to test for the relationship between factors that affects people’s financial literacy. Results indicate that maj...
ABSTRACT The Attorney General (AG)‘s report on pre-university educational institutions for the years 2010 to 2014 indicates that there is increase in financial irregularities in secondary schools in Ghana. Hence, this study sought to establish the relationship between governance, financial controls, and financial irregularity in Senior High Schools in Ghana. The study employed correlational survey design. The study population consisted of 93 Senior High/ Technical Schools in the Eastern Reg...
ABSTRACT Electronic commerce is now thought to hold the promise of a new commercial revolution by offering an inexpensive and direct way to exchange information and sell or buy products or services. The purpose of this study was to access electronic payment systems; user accessibility and problems using Nzema East Municipality as a case study. A sample size of 380 respondents was selected from individuals and business owners in the municipality. Convenience sampling technique was adopted by t...
ABSTRACT The study investigated the influence of corporate governance on firm performance using listed financial institutions on the Ghana Stock Exchange. The study also investigated the influence of board composition on firm performance. Ex-post factor research design was adopted for the study and purposive sampling was used in selecting sample for the study which comprises all financial institutions listed on Ghana Stock Exchange. The study revealed that there is a positive and significant ...