ASSESSMENT OF INTERNAL CONTROL: IN THE CASE OF COMMERCIAL BANK OF ETHIOPIA

Abstract

For any organization to succeed, good internal control is essential. In today's competitive market, the banking industry needs effective and efficient internal control systems to stay afloat. Thus, understanding the factors influencing internal control effectiveness can help in building this capital. In light of this, this study aims to provide empirical data on the evaluation of the Commercial Bank of Ethiopia's internal controversy. Employers of Commercial Bank of Ethiopia provided data, and the data was collected using quantitative research methods. The Commercial Bank of Ethiopia workers designated to the Internal Control Experts and Internal Controller regions, where there is Using the Kerjecie and Morgan (1970) technique, the bank's staff of 130 internal controllers and internal control expert personnel were identified. Their input was then gathered using a standardized five-scale Likert scale questionnaire. Descriptive analysis was utilized to assess the internal Control system components and internal Contro. From the research result it is concluded that all the except some minor exceptions five internal control elements mean of near to four which can be intre-prited as the bank as good interna control system. The research indicates bank need to work on the area of Risk Assessement and Monitering Activity because they have the lowest coefficient which indicate there is a gap between the Actual and the recommended practices..