The Effectiveness of Internal Control System in a Manufacturing Company (A Case Study of Coca-Cola Bottling Company Plc Kwara State)

TABLE OF CONTENT

Title Page                                                                                    i

Certification                                                                                 ii

Dedication                                                                                   iii

Acknowledgement                                                                       iv

Table of content                                                                           v

CHAPTER ONE: BACKGROUNGD OF THE STUDY

1.1     Introduction                                                                       1

1.2     Objective and purpose of the study                                    3

1.3     Significance of the study                                                   3

1.4     Scope and limitation of the study                                      4       

1.5     Organization plan of the study                                           4       

1.6     Definition of terms and concepts                                       6       

CHAPTER TWO: LITERATURE REVIEW

2.1     Introduction                                                                       7

2.2     Meaning of internal control                                               9

2.3     Scope of the internal control                                              10

2.4     The important of internal control                                       11

2.5     Types of internal control                                                    12

2.6     Types of internal control                                                    15

2.7     The features of internal control procedure                         16

2.8     Limitation of internal control                                             17

2.9     Control environment                                                          20

CHAPTER THREE: RESEARCH METHODOLOGY

3.1     Introduction                                                                       22

3.2     Human background of the case study                                22     

3.3     Research methodology                                                      24

3.4     Tool of statically                                                                26

3.5     The internal audit department in coca-cola                        27

3.6     Sample and limitation of data collection.                           30

CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS

4.1     Introduction                                                                       31

4.2     Data analysis and interpretation                                         31

CHAPTER FIVE

5.1     Summary                                                                           43

5.2     Conclusion                                                                        44

5.3     Recommendation                                                               44

          Bibliography                                                                      46

1.1           INTRODUCTION

Internal control system: - could be define as the whole system of control financial and otherwise established by the management of an organization in order to carry out the business of the enterprises in an orderly and efficient manner, the main objective is to ensure adherence to management police, safeguard it asset and to sure that record of the organization is complete and secured. An auditor is define as a competent and impartial critic appointed to verify the financial and another accounting statement of organization he must certify the verily of the organization concerned. However, he is not concerned with the financial strength of the organization but his task to see that financial strength, as show in the balance sheet, is in fact the actual and the true value of the organization. Moreover auditing form a most important branch of the accountancy profession once have been prepared, then may be checked in other to ensure that then don’t print a destructed picture such process of checking is called auditing. It is compulsory for all limited liability company to have their account audited. Therefore auditing can be define as a independent examination of the expression of opinion financial statement of an enterprises by appointed auditor in purchase of that appointed and in compliance with any relevant stationary obligation. LESHER HERWARD in his book auditing is state that an audit may be described as examination by an auditor and balance sheet of an organization have a true and fair vie of the summarized transaction for the period under review and of financial state of the organization at the end of date, this enabling the auditor to report there. However, auditing is significant tools needed in internal control system.