The Effect Of Internal Control System On Financial Performance In Nigeria Federal Parastatals

ABSTRACT Abstract The study examined the effect of internal control on financial performance of selected federal parastatals with emphasis on educational institution. The main objective of the study was to establish the effect of internal control systems on financial performance in federal parastatals. The study specific objectives were; to determine the effect of control activities, risk assessment, control environment, information and communication and monitoring on financial performance of the parastatals. The study was anchored on agency theory, stewardship theory, positive accounting theo…