INTRODUCTION
Background of Study
The statement on study auditing standards defined internal control as being not only internal check and internal audit but the whole system of controls, financial or otherwise, establishment by management in order to secure, as far as possible, the accuracy and reliability of the records run the business in an orderly manner and safeguard the company’s assets its objective being the prevention or early detection of fraud and errors.
One of the major factor believed to restrict efficient performance of most Nigeria public sector enterprise is un-serious approach towards accountability. There is a great need to establish internal checks and auditing system as well as defining a control of financial and management procedure so as to carry on the operations of the enterprise in a way as to guard against the possibility of not only fraudulent practices and financial necklessness but also enhance performance and public confidence the enterprises.
National electric power Authority (NEPA) is an important public enterprise in Nigeria established by decree No.24 of 1st April 1972, with the amalgamation of Electricity corporation of Nigeria (ECN) and Nigeria dams Authority (NDA). NEPA was empowered to maintain an efficient, co-ordinates and economic system of electricity supply to all the nooks and cranny of the nation.
It’s operations especially it’s financial management and control system has been subject of intense debate. This is as a result some unsatisfactory performance as evidenced by near darkness all the time.
There is need to look at the internal control system in NEPA and it’s operational performances in the area of efficiency
TABLE OF CONTENTS
Title page
Approved page
Acknowledgement
Proposal
Table of contents
Chapter one
Introduction
1.1Background of study
1.2Statement of problem
1.3Purpose of study
1.4Significant of study
1.5Research question/hypothesis
1.6Scope of study/limitations
Chapter two
Literature review
2.1Introduction
2.2Types of internal control
2.3Internal control in specific areas of a commercial enterprise
2.4Objective of internal control
2.5Some important aspect of internal control system
2.6Segregation of power or duties
2.7Physical control over asset and records
2.8Independent checks on performance
2.9Limitation and assumption on the effectiveness of internal control
1.0Control environment and control procedure
1.1Internal control questionnaire
1.2Functions of internal control questionnaire
1.3Brief history of electricity industry in Nigeria
1.4National electric power authority (NEPA)
Chapter three
Research methodology
3.1Population of study
3.2Sample design
3.3Source of data
3.4Research instruments
3.5Method of data analysis
3.6Problems encountered in data collection process
Chapter four
Data presentation and
4.1Questionnaire distribution and take of return
4.2Analysis of data
4.3Personal (oral) interview
Chapter five
Summary of findings conclusion and recommendations
5.1Summary of findings
5.2Conclusion
5.3Recommendations
Bibliography
Appendixes