Internal Control System As A Tool For Efficiency In The Management Of Small And Medium Scale Enterprises In Ilorin

CHAPTER ONE INTRODUCTION 1.1 Background to the Study The concept of internal control is said to trace its history back to the beginning of the 20th century when audit on financial statements came into being, it has consistently evolved to what it is presently due to continuous change in the business environment (Heier, Dogan and Sayers, 2005). The expansion of the world economy and the scale of enterprises growth after the turn of the century brought about major challenges in management leading to adoption of control systems that encompassed the entire enterprise. Xiaofang and HuiliIn (n.d) ci…