Browsing by Author "Afriyie, Emmanuel Owusu"

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A study on the internal control systems of Kwadaso Seventh-day Adventist hospital
(Adventist University of Africa, 2017-10) Afriyie, Emmanuel Owusu
Internal control system is a topical issue following fraudulent financial reporting and accounting scandals. A proactive preventive approach to the problem requires a critical evaluation of existing internal control structures in organizations. The study sought to study the control systems of Kwadaso Seventh-day Adventist Hospital with the objective of measuring the adequacy of such controls in preventing fraud and unintentional mistakes and also to assess the commitment of management to ensure that those controls work effectively. A sample of one hundred (100) respondents was chosen. Primary data was collected using structured questionnaires, interviewing and interaction with management of the institution and official documents based on availability and accessibility. The data obtained were analyzed using frequencies and percentages. The findings revealed that internal controls exist in the Hospital through code of conducts, policies and procedures and segregation of duties. It was also shows that the controls are adequate in preventing and detecting fraud and that the management are committed to ensuring that the internal controls work effectively and have put in place mechanisms for mitigation of critical risk that may result from fraud. However, the controls should be reviewed on regular basis to match with the dynamics of the environment.