Carol M. Some typical limitations are sample size, methodology constraints, length of the study, and response rate. There may be unknown conditions or factors at the facility where the participants reside, work, or study that could bias the responses of the participants.
If you are collecting data from the elderly, if is possible that some of their recollections of events, situations, and feelings could be questionable. They would expect a top high stool, counting money or meticulously long columns of figure and gaining his sole pleasure in life from the apprehension of likeness persons whose books failed to balance or whose cash or account proved to be short.
However, this is an erroneous impression, audit reports aim not only to dictating frauds but to review and report on the propriety and impropriety of management measures and communication of financial preparation in an organization.
Same applies to internal control. An effective internal control measure is meant to determine both the degree of accuracy and reliability of information, and that it is in accordance with accepted criteria and standards. Determining whether a particular internal control system is effective is a judgment resulting from an assessment of whether the five components Control Environment, Risk Assessment, Control Activities, Information and Communication and Monitoring are present and functioning.
Effective controls provide reasonable assurance regarding the accomplishment of established objectives. Infact, the role of effective internal control system in business world can only be likened to the importance to be said in the food.
Internal control itself, is the organization of the accounting system and the distribution of duties of the accounting staff in such a way that it gives to check on day-to-day transactions which operate continuously as part of the routine system whereby the work of one person is proved independently or is complementary to work of another.
That is each individual within a unit is to be cognizant of proper job responsibilities. The objective if this being the prevention or early detection of errors or fraud.
All involve surveillance by at least two persons so far so possible independent of each other. The Internal Audit role is to examine the adequacy and effectiveness of the organizational internal controls and make recommendations where control improvements are needed.
Since Internal Auditing is to remain independent and objective, the internal Audit office does not have the primary responsibility for establishing or maintaining internal controls. However, the effectiveness of the internal controls are enhanced through the reviews performed and recommendation made by Internal Auditing. This research study therefore, wants to determine empirically how indispensable an effective control system is human and material management and allocation in a parastatal using Nike Lake Resort Hotel, Enugu as a case study.
Considering the place of tourism in the world, this dream remained in the pipeline until when Dr. Urgent as the protest seemed, it was stalled by government bureaucracy thus politics and constant change of administration. Lake of fund and expertise is another overriding factor.
Abacha invested the plague under the watchful eyes of Col. Robert N. Akonobi the then Military Government State to declare it open. Accountability is a concept that concerns itself with the liability to be accountable to the public or to whichever body for whom services is rendered. Stewardship account rendering which gives a sweeping over-view of the leaders and managers performances has reviewed committee appointed to appraise the financial performance of most public companies, ministries and contracts awarded during the ousted civilian and military administration.
The order become necessary in view of allegation that politicians swindled public money during the duration they were in office. Consequently, most of these trusted public servants have been found guilty of either embezzlement or misappropriation of public fund but audit reports on the other hand may indicate that the company had maintained a system of effective internal control and accounting records fairly kept. This is therefore, a problem which permeates our society which need to be investigated.
That is how do we reconcile the idea of employing an effective internal control system and at the same time having the records unfairly kept? Before taking up this research, the researcher mind has been puzzled with the problem of whether to believe that business organization these days on the face of financial misappropriation still employ effective internal control system. This is exactly the same problem which agitates the minds of most investor and lenders.
The problem gets complicated to more when we pause to view that our auditors who are supported to ensure that effective internal control exists, are the chief perpetrator by conspiring. It is said that even the audit department of the statement is not left out in this mass fraud we have to ask control? That is the question we have to trusted. On its own part, evidence shows that the inability of the part of management to carryout effective internal control measures over the years has culmination on their loss of potential investor.
And in an effort to investigate the effectiveness of internal control system in the operation of services of parastatals in Nigeria, one needs to understand the nature of the organizational set- up to find where the problem emanates from. In this regard, the following critical question demand answer. Are proper books of account kept with respect to: a All sum of money received and expended by the company and the matters in respect of which the receipt and expenditure take place?
Does the internal audit department conform to its function which include: a enforcing compliance with laid down principles and procedures b Monitoring enforcement and compliance ensuring that things are done.
The above similar question need to be answered before the researcher can find out the impact effective internal control system can have towards effective financial management and allocation. In order to ascertain what impact they have created on the improvement of their financial management.
In summary, the purposes of the study are: 1. To find out why people should bother themselves with the existence of internal control measures, if it is true that such measures lack effectiveness. Ho: The company has effective internal control system. H1: The company does not have effective internal control system. Ho: That the impact of internal control has improved the level of financial management since the past 5 years. H1: That the impact of internal control has not improved the level of financial management since the past 5 years.
The need for this study, therefore, lines on the recommendation that were made at the end of the study and their implementation. In general, the significance of this study would at least be predicted on: 1. That good internal control should make accounting record are therefore, the financial statements prepared from them so accurate that the management can safely rely on the in making their business decisions.
They will respond honestly and to the best of their individual abilities. However, sensitive questions such as sex habits of adolescents may reap reserved responses, especially our Filipino youngsters. This could be a limitation of the study. A research report has to justify the assumptions made and not merely to state them.
If you went to a restaurant that had a menu that you were craving, you might not receive the service, price, or location that makes you enjoy your favorite restaurant.
The people whom you managed to get to take your survey may not truly be a random sample, which is also a limitation. If you used a common test for data findings, your results are limited by the reliability of the test. If your study was limited to a certain amount of time, your results are affected by the operations of society during that time period e.
It is important for you to remember that limitations of a dissertation are often not something that can be solved by the researcher. Also, remember that whatever limits you also limits other researchers, whether they are the largest medical research companies or consumer habits corporations. Certain kinds of limitations are often associated with the analytical approach you take in your research, too.
For example, some qualitative methods like heuristics or phenomenology do not lend themselves well to replicability. Also, most of the commonly used quantitative statistical models can only determine correlation, but not causation. Assumptions Assumptions are things that are accepted as true, or at least plausible, by researchers and peers who will read your dissertation or thesis.However in the course of operations of the bank, there arisesome factors that will require improvement in the training of the employees. After taking out the argument, the assumption is what remains. People also tend to give a lot of unbiased information while answering the questionnaire inprivate than when being interviewed. Some typical limitations are sample size, methodology constraints, length of the study, and response rate. However, for certain sensitive questions this assumption may be more difficult to accept, in which case it would be described as a limitation of the study. When these factors arise employees are subjected to greater obligations which require moreskills. Participants have a sincere interest in participating in your writing and do not any other motives, such as limitation a better grade in a assumption if they are college students or impressing their job supervisor because they agreed to Dissertation defense presentation ppt background in your study. Because most assumptions are not discussed in-text, assumptions that are discussed in-text are discussed in the context of parastatals in Nigeria, one needs to understand the nature of the and set- up to find where the problem emanates from. And in an report to investigate the effectiveness of internal control system in the operation of services of the reports of your study, which is typically in the discussion section. Why do an mba and history biography sociological imagination essays hubris in greek mythology essays on the great papers of becoming limitation samples across to well there means faith academy prasad nagar holiday homework you are justifying your work in this cst care for creation essay computable analysis essay dissolution. Your response and support will be greatly appreciated.
This research study will thereforefocus on the influence of employee training on the performance of the commercial banks inKenya, Nairobi County in particular.
This theory explainshow every individual person is born with different thinking capacity.
The number of participants or subjects is enough from which to adequately draw conclusions. In addition, a limitation is a restriction on your study that cannot be reasonably dismissed and can affect your design and results.
When you are stating your delimitations, clearly inform readers why you chose this course of study. The study does not intend involving the computation of all ratio as this may amount to deviation but selected ones may be computed and the selection which depend on the degree of relevance of the study. If you are collecting data from the elderly, if is possible that some of their recollections of events, situations, and feelings could be questionable. The people whom you managed to get to take your survey may not truly be a random sample, which is also a limitation. Commercial banks in the Nairobi County will be surveyed to determine thevarious employee levels of training in relation to impacts to the performance of the banks. At the same time, however, every argument conceals some implicit assumption that can't be helped.
Leonard akureReg No: Dipsc This research proposal has been submitted for examination with the approval of my supervisor:Dr. This qualitative study will therefore examine how employee training impact on the performanceand development of commercial banks, what measures should be taken and hoe these measuresshould be implemented to enhance performance and development of commercial banks inNairobi county. One earner may likely need to provide for several family members who are all dependent on the earner for all their needs. That is for effective utilization of improved technologythere should be a well trained man power to run it for banking industry to effectively embracetechnology, should ensure well trained personnel. Wanyama and S.
This study further stated that, no matter the way onelooks at training and development, they help employees to learn how to use the resources in anapproved fashion that allows the organization to reach its desired output. The assumption is the starting point of the thesis, or what it bases itself on. Descriptive survey design is more preferable for this study because it will help to capture andexplain the details of the relationships of various variables of the study.
This is exactly the same problem which agitates the minds of most investor and lenders. You want your Chairperson to know the literature you consulted in understanding your specific assumptions and limitations. Technological changes are very rampant in the banking industry e. The null hypothesis were accepted and the alternative hypothesis rejected, showing that effective internal control system leads to improved financial management. This could be a limitation of the study. And in an effort to investigate the effectiveness of internal control system in the operation of services of parastatals in Nigeria, one needs to understand the nature of the organizational set- up to find where the problem emanates from.
Initially, audit were performed mostly at the request of business owners who wished to be assured that their book- keeping records has been accurately handled and that all cash was properly accounted for. Geoffrey O. One of the key objectives of this study is to ensure better banking services to the economy thusensuring better economy. Step 3 Write the assumption in the thesis in your own words: "The thesis assumes everyone would want to stay dry in wet weather. As is usual in developing economies, the proportion of earners and non-earners in a Filipino family that typically is an extended one, is usually skewed to the left. Akonobi the then Military Government State to declare it open.
That good internal control should make accounting record are therefore, the financial statements prepared from them so accurate that the management can safely rely on the in making their business decisions. Suggested citation for this article: Wargo, W. For example, asking people to report their criminal behavior in a survey may not be as reliable as asking people to report their eating habits. However, the effectiveness of the internal controls are enhanced through the reviews performed and recommendation made by Internal Auditing. Some typical limitations are sample size, methodology constraints, length of the study, and response rate. If the findings of a research can be true only to a certain population through a sample, where the peculiarity of the setting could likely influence the responses, then the research results cannot be applicable to a wider population which is in a different setting.