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Internal Control System Inigeria Deposit Money Banks Prospects And Problem
[A CASE STUDY OF UNION BANK PLC]
CHAPTER ONE -- [Total Page(s) 2]
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1.5 RESEARCH HYPOTHESIS
Ho: The internal control system is not significantly effective on deposit money bank
H1: The internal control system is significantly effective on deposit money bank.
1.6 SIGNIFICANCE /JUSTIFICATION OF THE STUDY
The
study is very importance nowadays were federal government have hard to
invest of in Nigeria. Since foreign investor will not invest in any
country where there is no good banking sector. The study will be of
immense benefit to banks determine the extent to which internal control
system is effective. In addition the study would determine the factor
problem militating against the to it. The study will be of immense help
because most of the founds requires by Nigerian are provided by bank
also that affect banking sector also affect many others sectors such as
agriculture and economy sector of the nations.
1.7 SCOPE AND LIMITATION OF THE STUDY
This
study is limited to union bank plc Muritala Muhammed way branch Ilorin
due to financial constraint and other problem. The study can only be
generated to union bank plc branch all over the country.

FINANCE:- due to limitation funds at students disposal, the researcher
has no accessibility of some area dues to cost of getting to every part
of research areas.
 TIME CONSTRAIN:- considering the time limit,
the researcher do not have enough time to research and elaborate more on
the work. Another factor worthy of mention was the difficult encounter
in getting the right to do the research work at the right time place.

INSYFFICIENY OF DATA INFORMATION:- most of the information available to
the researcher have out dated and the current ones are not easily
obtained, therefore the researcher sees it as a constrain to this
project work.
 PROBLEN OF SOURING:- some of the respondents
regard some questions are secret such as the main target of a fraudster
which they regard as confidential and feel reluctant to disclose.
1.8 DEFINITION OF KEY TERM.
i. BANK:- is a financial institution where money and other valuable items are been kept for safety purpose.
ii. INTERNAL: it is the affairs and activities within a country.
iii. CONTROL: is the power to direct influence or limit something e.g. fraud, error, and to safeguard business
iv. SYSTEM: it is a set of things working together as a mechanism or network, the prevailing political or social order.
v.
INTERNAL CONTROL SYSTEM: This whole of control, financial and otherwise
established by the government in order to carry on business of the
enterprises in an orderly manner, ensures stick firmly to management
policies the completeness and accuracy of accounting records.
vi. MONEY: it is anything which is generally acceptable for making payments or in the settlement of debt.
vii.
DATA: - is a term used to describe basic “FACT†based on measurement
and recording something knows or assumed as facts and made on basic
reasoning or calculations. It can be said to be unprocessed information
or raw facts.
viii. FRAUD: - is the act of deceiving somebody in
order to get money or goods illegally or the use of deception to obtain
unjust or illegal financial advantage.
1.9 ORGANISATION PLAN
This research work is divided into five (5) main chapters and each chapter has the following content:
Chapter
one is the introduction consisting of the statement of problems,
research question, objective of the study, research hypothesis,
significance justification of the study, scope and limitation of the
study, definition of key terms, and organization plan of the study.
Chapter
two is the literature review consisting of the historical of the case
study, concept of internal control system, classification of internal
control system, reliance control, types of internal control system,
objective of internal control system, environment of internal system,
requirement for effective internal control system, application of
internal control system.
Chapter three is research methodology
consisting of the types of data, research design, sample procedure and
method of data collection.
Chapter four is data presentation and data analysis and finding.
Chapter five is summary, conclusion, recommendation and references.
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