Impact of Effective Internal Control in the Management of Mother and Child Hospital Akure, Ondo State
Journal of Finance and Accounting
Volume 5, Issue 1, January 2017, Pages: 61-73
Received: Nov. 27, 2016; Accepted: Dec. 7, 2016; Published: Mar. 6, 2017
Views 1872      Downloads 123
Adebiyi Ifeoluwa Mary, Internal Audit Unit, Vice Chancellor’s Office, Afe Babalola University, Ado-Ekiti, Nigeria
Article Tools
Follow on us
The research reviewed and evaluated the activities of Mother and Child Hospital, Akure in Ondo State using a sample size of 50 respondents, randomly selected via questionnaire for data collection and the data was analyzed with the use of chi-square test statistics. The result showed that internal control had significant effect on the management of government parastatals. It was concluded that adequate internal control should be maintained as well as strict adherence to management policies ensured so as to achieve the set objectives for the parastatals.
Internal Control, Internal Audit, Internal Check, Management, Parastatals
To cite this article
Adebiyi Ifeoluwa Mary, Impact of Effective Internal Control in the Management of Mother and Child Hospital Akure, Ondo State, Journal of Finance and Accounting. Vol. 5, No. 1, 2017, pp. 61-73. doi: 10.11648/j.jfa.20170501.16
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License ( which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Adeniyi, A. A. (2004). Auditing and Investigation (First Edition) Lagos: Value Analysis Consult Limited.
Adewale, O. H. (2014). Internal Control System: A Managerial Tool for Proper Accountability. A Case Study of Nigerian Customs Service. European Scientific Journal, 10 (13), pp. 252-267.
Ahiabor, G. and Mensah, Y. C. (2013). Effectiveness of Internal Control on the Finances of Churches in Greater Accra, Ghana. Research Journal of Finance and Accounting, 4 (13), pp. 115-120.
Amudo, A. and Inanga, E. L. (2009). Evaluation of Internal Control Systems: A Case Study from Uganda. International Research Journal of Finance and Economics. pp. 3-6.
Asika, N. (1991). Research Methodology in the behavioral science. Ikeja: Longman Nigeria Plc.
ATSWA STUDY PACK Government Accounting Part II. Abuja FCT Nigeria: ABWA Publishers.
City of Ashland (2009). Internal Controls Policy, June 2009, pp. 1-9.
Committee of Sponsoring Organizations of the Treadway Commission (COSO, 2013): Internal Control- Integrated Framework, Executive Summary, May, 2013. Available at:
Gamage, C. T., Lock, K. L. and Fernando, A. (2014). Effectiveness of Internal Control System in State Commercial Banks in Sri Lanka. International Journal of Scientific Research and Innovative Technology, 1 (5), pp. 25-44.
Kathleen, T. M. Internal Controls, a paper presented by: Assistant Vice President for Finance Indiana University (pp 3-4).
Kelvin, B. (1999) Internal control and fraud prevention in hospital operations. New Delhi: Global Books & Subscription services.
Koech, D. C. and Thuo, M. G (2016). Factors Influencing Strategic Information Systems Implementation in Government Parastatals: A Case of Kenya Forest Service, Mau Forest Conservancy. European Scientific Journal, 12 (15), pp. 263-277.
Kuo-Tay, C. and Ronald, M. L. (1992) “Schematic Evaluation of Internal Accounting Control Systems”. Erasmus University Rotterdam, The Netherlands.
Malaysian Institute of Accountants: Internal auditing guidelines, last edited 05/02/2008.
Millichamp, A. H. (2002). Auditing (8th edition). Winchester, Hants: ELST publication.
Montri, P., Sirisuthi, C. and Lammana, P. (2015). A study on components of internal control- based administrative system in secondary schools, Educational Research and Reviews, 10 (19), pp. 2617-2623, doi: 10.5897/ERR2015.2434.
Nsanganzelu, A. J. and Jagero, N. (2011). The Levels of Factors that Contribute towards Efficiency, Effectiveness and Strength of the Internal Control Systems (ICSs) with Regard to Non-Current Assets Safeguard and Management in Public Institutions in Tanzania. International Journal of Academic Research in Business and Social Sciences, 1 (3), pp. 109-117.
Ojo, O. (2005). Fundamentals of Research method. Lagos: Standard Publication.
Olowookere, J. K. (2005). Fundamentals of Auditing (Third Edition) Ijebu-Ode: Triumph-Providential Publishers.
Onyefulu, D. and Ofor, T. (2016) Effect of Internal Control on Fraud Prevention and Detection in the Public Sector in Nigeria. Journal of Accounting and Financial Management, 2 (4), pp. 21-27.
Otto, R. (2014) Statement of Position: The Importance of Internal Controls, State of Minnesota, Office of the State Auditor, pp. 1-4.
PWC (2012) State of the Internal Audit Profession Survey, March 2012. 2012-03-20. Retrieved 2013-09-04.
Risk Assessment Portal. EPA. 13 May 2013. Retrieved 9 June 2013.
Sawyer, Lawrence (2003). Sawyer’s Internal Auditing, 5th Edition, Institute of Internal Auditors. ISBN 978-08941350095.
Standard for internal Control in the Federal Government, United States General Accounting Office, Nov, 1999.
Szabo, D. T. and Loccisano, A. E. (March 30, 2012) “POPs and Human Health.
Taxmann’s (2003), Auditing principles and practice (Second Edition) Taxmann, Allied Services (P.) Ltd.
The Institute of Internal Auditors (2015). Definition of Internal Auditing. Available at:
The Internal Control system: Reference framework Presentation of the work performed by The working group set up by the AMF, January 2007.
The KPMG Review (1999) Internal Control: A Practical Guide. (pp. 25-27). Retrieved from on Friday, 28th October, 2011. URL: http//WWW.COSO.Org/publications/executivesummaryderivativeusage.html. Internal control - integrated framework published in the USA by the Committee of Sponsoring.
World Council of Credit Unions (2002): Internal Control Requirement. Development Best Practices in credit union supervision (Pp 1). Retrieved from on Friday, 28 October 2011.
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
Tel: (001)347-983-5186