ACCOUNTING AS AN AIDS TO INTERNAL CONTROL SYSTEMS

ACCOUNTING AS AN AIDS TO INTERNAL CONTROL SYSTEMS
 
The study examined into the impact of internal control system on audit quality. The specific objectives examined the influence of internal controls on audit time or period; To examine the impact of internal controls on audit cost or fee; To investigate the effect of internal controls on reliability of financial statements
 The study employ the descriptive survey design. The study employ the use of questionnaire to collect the primary data from the top-level and middle level management of the limited companies in Ijebu-Ode. The study used the frequency, percentage and linear regression to draw out the inferential from the hypothesis.
The study revealed that internal control system has significant effect on audit period at (P< 0.02).Internal control system does not have significant effect on audit cost or fee (P>0.41).Internal control system as significant effect on reliability of financial system on (P<0.00).