Financial Implication Of Internal Control System In An Organisation

(A Case Study of Mercury Microfinance Bank) ABSTRACT Internal control systems is a topical issue following global fraudulent financial reporting and accounting scandals in both developed and developing countries. This research work examine the implications of internal control system in an organization with reference to Mercury Micro Finance Bank. In today’s volatile business environment, banking sub-sector in Nigeria faces a wide array of complex business challenges. These challenges come in the form of regulatory compliance, litigation, competitive market pressure, changing technology, inve…