TABLE OF CONTENTS

Cover page

Certification

Dedication

Acknowlebgement

Absract

Table of content

                 CHAPTER ONE

INTRODUCTION

1.1      Background of the study

1.2      Pbjectives of the study

1.3      Statement of the problem

1.4      Justification of the study

1.5      Resarch mothodology

1.6      Significance of the study

1.7      Scope of the study

1.8      Pan of the study

1.9      Definatio of Term

CHAPTER TWO

2.1   Introduction Literature Review

2.2   Efficient Internal Control

2.3   Profitability

3.4   Effect of Internal Control on profitability

2.5   Internal Control as an Instrument of Accountability

CHAPTER THREE

RESARCH METHODOLOGTY

3.1   Introduction

3.2   Research Design

3.3   Source of Data

3.4   Population of study

3.5   Sample size and sample method

3.6   Prosedure for scoring instrument

3.7   Method of Data collection

1.1.1               BACKGROUND OF THE STUDY

The question of distressed private and public firms, misapproriation of funds, fraud (both employee fraud and fraudulent finance reporting) and embezelent e.t.c in the private and public enterprises in the country are prevalent and one at high alorming rate. In fact, are would be justified to believe that, there was something terribly wrong be internal control system in the various organization. It is obvious and statement and even output of result desired or expected by the public from the organization are being prepard by professional accountants, but by and large the financial statement are approced or certified by the internal control management of the organization. According to carmi Micheal (1996) the importance of the understanding the internal control structure has been recognized in the program for preparing, verifying and disturbing to various level of management these curent reports and analyses that enable executives and function that are used be a large organization.