The Effect Of Accounting And Internal Control System In Deposit Money Banks Operation

1.2    STATEMENT OF PROBLEM In spite of the Commercial Banks importance in building economic growth and development, commercial banks are faced with problems ranging from lack of adequate and sound accounting system, procedures and for rendering returns and required information to Head Office, lack of experienced, qualified and well exposed staff to render bank accounting operations. Besides, some of the Bank appointees studies courses that are not related to banking and accounting. These staff that lack accounting skills are allowed to manage and handle accounting records without realizing th…