| Abstract: | The purpose of this study is to examine the effects of internal control system at ECWC. The research approach that was used for this research paper is descriptive in nature and quantitative research design have been adopted to achieve the objectives of this study. Primary data was collected from 90 employees of the corporation those were selected through simple random sampling. Then, internal control system of the corporation was measured by using a close ended questionnaire and document review. The researcher collected primary and secondary data. The collected data was analyzed by using different statistical techniques like descriptive statistics, correlation and regression analysis by using SPSS version 20. The result indicates that control environment, risk assessment, control activities, information &communication and monitoring dimensions of internal control have significant positive impact on system effectiveness. The results found from descriptive statistics of ECWC have not a strong internal control structure with respect to risk assessment, control environment and monitoring. Therefore, the study recommends that the corporation needs to encourage and develop the right type of IC monitoring, control environment and risk assessments better than ever that can help to identify the risk then before any kind of risk and or loss occurred in the corporation the management should put the system/procedures that can able to easily support and identify any risk organization to adoptive the system effectiveness level of the employees in the ECWC. And, the study recommends that corporations must attempt to strengthen information& communication to develop the system effectiveness of their employees. The corporations that can optimally utilize and maximize system effectiveness have a competitive edge over others. |
