Abstract: This study examined internal control in Nigeria tertiary institutions using selected tertiary institutions as a case study was derived from my thesis (Internal control in Nigeria tertiary conditions" in fulfillment to my Masters of Business Administration. This study was guided by the following objectives; examine the impact of internal control system on effective administrative performance in selected tertiary institutions in Nigeria; evaluate the effectiveness of internal control system efficiency of educational services in selected tertiary institutions in Nigeria; analyze the effect of internal control system on fraud prevention in selected tertiary institutions in Nigeria and to deduce the effect of internal control system on revenue generation in selected tertiary institutions in Nigeria. Research questions were derived from the objectives. The Scientific Management Theory was used to substantiate variables of the topic. The study was a quantitative study in which data were gotten from primary sources through the use of questionnaires. The study revealed that there is a relationship between internal control systems and effective administrative performance in selected tertiary institutions in Nigeria. The study also showed that there is a relationship between the internal control system and the efficiency of academic services in selected tertiary institutions in Nigeria. It was also revealed that there is a relationship between the internal control system and fraud prevention in selected tertiary institutions in Nigeria. Lastly, the study showed that there is a relationship between the internal control system and revenue generation in selected tertiary institutions in Nigeria. It was, therefore, among others recommended that tertiary institution management should increase its control environment and risk assessment procedures in particular; the tertiary institution's management should guarantee that all aspects of a successful internal audit unit, such as audit structure and resources, internal audit approach, and audit plan, are appropriately implemented, sound and effective, resulting in effective internal control; the internal audit unit of tertiary institutions should hire more internal audit staff to ensure that they are capable of carrying out their responsibilities, and internal audit workers who lack internal audit training should be trained or terminated if they are not trainable.
Keywords: Internal Control, Tertiary Institutions, Audit, Accountability.
Title: Internal Control in Nigeria Tertiary Institutions
Author: Victor Olumide, Adeyemo
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
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