Internal Control and Governance, Case of CCBRT, Dar Es Salaam, Tanzania

Abdul, Yahya (2014) Internal Control and Governance, Case of CCBRT, Dar Es Salaam, Tanzania. Masters thesis, The Open University of Tanzania.

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Abstract

A proactive preventive approach to the inefficiencies and fraudulent problems requires a critical evaluation of internal control (IC) structure and practices of good governance. This will enable the organization to determine its capacity on ensuring that organization’s activities are carried out efficiently, reports are generated timely in accordance with the established goals, compliance with applicable laws and regulations, policies and procedures is met and practice good governance principles. Research objectives were to establish how IC works to enhance the efficiency and effectiveness of operations, evaluate how IC ensures accuracy and timeliness on reporting, establish the relationship between IC and good corporate governance and assess the degree to which the practices of IC enhance compliance with the applicable laws and regulations and internal policies and procedures. Multiple data collection methods were used for getting more insight. Questionnaires were used to collect data in numeric form for analysis using multiple regressions. The research used case study strategy. Sample was selected using non probabilistic technique, based on convenience on access. Results of analysis revealed that the regression models explain the variability of the four different dependent variables and each of the four overall models fit the data well. Findings indicated that ICS of the organization did not take into considerations some of the predictor variables in the control framework. (i.e. some elements of effective ICS are lacking). This renders the current control structures ineffective. Recommendations put forward included the organization has to review the ICS to determine its effectiveness and work on variables that were statistically significant.

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