Internal control is an important tool by which management aims to achieve its object, of ensuring as far as practical the orderly and to efficient conduct of the business of the enterprise it is an indispensable aid to efficient management particularly in large scale organization where it is impossible for management to be physically present to all sense of action.

The research project is control in the private sector in order to find out whether move is a difference between the two and also to find out reason for these of suggesting ways of improving internal control in the public sector.

In order to achieve the objectives of this research four organization are used two from the public sector (Enugu state Institute) ie (PROUDA) and also two from the private sector (Eastern shop Nigeria limited Enugu all in Enugu State, were made use of properly validate research and oral interview were used in a means of data collection for the purpose of the study.

TABLE OF CONTENT

Title page

Approval page

Dedication

Acknowledgement

Abstract

Table of content

CHAPTER ONE

1.0 Introduction

1.1 Purpose of the study

1.2 Significance of the study

1.3 Scope of the study

1.4 Limitation of the study

1.5 Definition of terms

CHAPTER TWO

2.1 Definition of internal control

2.2 Functions

2.3 Relevance of study

CHAPTER THREE

3.0 Summary of finding, Conclusion Recommendation

3.1 Summary

3.2 Finding

3.3 Conclusion

3.4 Recommendation

Bibliography

CHAPTER ONE

1.0 INTERODUCTION

1.1 INTERNAL CONTROL

This is the system by which management maintains control over the purchase reserving storing and selling of merchandise strong internal control we needed not only for purchases and sales transactions, but for all other types of transaction as well. In fact the concept of internal control we needed not only for purchases and sales transactions, but for all other types of transaction as well. In fact the concept of internal control affects all assets and liabilities the revenue control is to provide assurance that the entire business operates in according with management’s plan and policies.

A system of control within the organization included all measure taken by an organization for the purpose of the following.

1. Protecting its resources against western fraud inefficiency.

2. Ensuring accuracy and reliability in accounting and operatry data.

3. Security compliancy with company policies

4. Evaluating the level of performance in all division of the company.

Many people wants of internal control as only a means of safeguarding cash and preventing fraud. Although internal control is an important factor in protecting assets and liabilities and preventing fraud. This is only a port of it role. A primary objective of me system of internal control is to ensure my reliability of the accounting and operating data used in decisions –making.

The public sector or social corporations the moves corporation in which Government investment are made and which provide basic amenities that cannot be price and even if they are prices are usually provided free or almost free to my people because may are politically expedient. The public sector also includes companies an organization in which the government has a computer control or at leas 81% of the equity.

The comparative as used in the contextual this study is aimed at evaluating the equity of internal control in the public sector and the quality of the internal control in the private sector.

1.1 PURPOSE OF THE STUDY

An agency’s management is required to include an assurance statement on the internal controls over financial reporting in the annual performance and accountability report as described in section Vi reporting on internal control. This statement is management assessment of the effectiveness of the agency’s