THE EVALUATION OF INTERNAL CONTROL SYSTEM OF NEPA (A CASE STUDY OF ENUGU DISTRICT)

INTRODUCTION
Background of Study The statement on study auditing standards defined internal control as being not only internal check and internal audit but the whole system of controls, financial or otherwise, establishment by management in order to secure, as far as possible, the accuracy and reliability of the records run the business in an orderly manner and safeguard the company’s assets its objective being the prevention or early detection of fraud and errors. One of the major factor believed to restrict efficient performance of most Nigeria public sector enterprise is un-serious approach towards accountability.  There is a great need to establish internal checks and auditing system as well as defining a control of financial  and management procedure so as to carry on the operations of the enterprise in a way as to guard against the possibility of not only fraudulent practices and financial necklessness but also enhance performance and public confidence the enterprises. National electric power Authority (NEPA) is an important public enterprise in Nigeria established by decree No.24 of 1st April 1972, with the amalgamation of Electricity corporation of Nigeria (ECN) and Nigeria dams Authority (NDA).  NEPA was empowered to maintain an efficient, co-ordinates and economic system of electricity supply to all the nooks and cranny of the nation. It’s operations especially it’s financial management and control system has been subject  of intense debate.  This is as a result some unsatisfactory performance as evidenced by near darkness all the time. There is need to look at the internal control system in NEPA and it’s operational performances in the area of efficiency
TABLE OF CONTENTSTitle pageApproved pageAcknowledgementProposalTable of contentsChapter oneIntroduction1.1Background of study1.2Statement of problem1.3Purpose of study1.4Significant of study1.5Research question/hypothesis1.6Scope of study/limitations
Chapter twoLiterature review2.1Introduction2.2Types of internal control2.3Internal control in specific areas of a commercial enterprise2.4Objective of internal control2.5Some important aspect of internal control system2.6Segregation of power or duties2.7Physical control over asset and records2.8Independent checks on performance2.9Limitation and assumption on the effectiveness of internal control1.0Control environment and control procedure1.1Internal control questionnaire1.2Functions of internal control questionnaire1.3Brief history of electricity industry in Nigeria1.4National electric power authority (NEPA)
Chapter threeResearch methodology3.1Population of study3.2Sample design3.3Source of data3.4Research instruments3.5Method of data analysis3.6Problems encountered in data collection process
Chapter four
Data presentation and4.1Questionnaire distribution and take of return4.2Analysis of data4.3Personal (oral) interview
Chapter fiveSummary of findings conclusion and recommendations5.1Summary of findings5.2Conclusion5.3RecommendationsBibliographyAppendixes