Financial Accounting

ASSESSING THE EFFECTIVENESS OF MODERN INTERNAL CONTROLS ON ORGANISATIONAL PERFORMANCE.
A CASE STUDY OF ALERT GUARDS AND SECURITY SYSTEMS LTD

BY

NASWALI INNOCENT
09/U/02/AFD/GV

A RESEARCH REPORT SUBMITTED TO THE SCHOOL OF MANAGEMENT & ENTREPRENEURSHIP IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF A BACHELOR OF SCIENCE DEGREE IN ACCOUNTING AND FINANCE OF KYAMBOGO UNIVERSITY

SEPTEMBER 2012
DECLARATION
I NASWALI INNOCENT, declare that this research report is my original work and has never been submitted to any institution or college for any award.
Signed
.......................................................... Dated..................................................
NASWALI INNOCENT,

APPROVAL
This research report about “ASSESSING THE EFFECTIVENESS OF MODERN INTERNAL CONTROLS ON ORGANISATIONAL PERFORMANCE” has been carried out under my supervision and is now ready to be submitted in to Kyambogo University examinations board with my due approval.
…………………………………….. Dated ……………………..
WITNESS NABALENDE- KITONSA
SUPERVISOR
Lecturer School of Management & Entrepreneurship

DEDICATION
I dedicate this report to my dear mother Mrs Joyce Bikeeti, my beloved Aunt Miss Miriam Mukhaye, for the moral and emotional support accorded to me throughout my life and in the process of compiling this report may the almighty God bless you abundantly.
This report is also dedicated to my fallen friends Kibbula Deusdedit and Mme Nabafu Hariet that you are dearly missed.
I will always remember the kindness and support you offered to me.

ACKNOWLEDGEMENT
I owe my deepest and most abiding gratitude to my LORD GOD who has guided me through the entire process while compiling this report.
Special thanks go out to my brother Mr. Raymond Manana Namisano and family for the support and guidance in everything that I have been going through. May the almighty bless you abundantly.
I am so grateful for my supervisor Miss Nabalende Kitonsa for all

References: Alert Guards and Security Systems ( performance report for the financial year 2010/ 2011). Angella&Inanga, 2009, International research journal of finance and economics. (Evaluation of internal control systems) Champlain Jack J COBIT Internal control framework (2007) available http//www.isaca.org/amtemplate.cfm?section=downloads&template=/contentmanagement/contentdisplay.cfm.contented=34172. (Accessed 21st March 2012). COSO internal control framework (1992) available: http//www.coso.org/publication/executive _summary_intergrated_framework.html COSO Project to Focus on Monitoring of Internal Control, Availablehttp://www.coso.org/Publications/COSO%20Monitoring%20GT%20Final%20Release_1.8.07.pdf (Accessed: 12 June 2012). ICEAW. Professional Stage, Audit assurance, (2007). Ijiri y (1993) creative and innovative approaches to the science of management, Quorum books, Westport, CT. Jensen Publications Harvard Business School. (2009). Kansas University, (2009) Internal Audit function. Krausz J&Pava. M. (1995) corporate responsibility and financial performance. The paradox of social cost, Quorum Books, Westport.CT. Neely, A(ed.) (2002) business performance measurement: theory and practice, Cambridge Universtity Press, England. Nkuubi Luke (2001) A dissertation on the impact of internal audit activities on the performance of an organization, Makerere University Kampala. Paul J. (2011) Risk management and Control, Whitehill publishers. London Power M Report of the Judicial commission on the closure of Banks. (November 2000) pg 1-1 The Sarbanes Oxley Act of 2002. The Institute of Internal Auditors Guidelines (2010) Waswa balunywa (1992) Business administration, Business Publishing Group, Kampala William. J.S. (2010) Failure of government policies. United States Comptroller general Whittington and Pany (12th ed.) 2007, Principles of auditing