While corporate organisations in recent years have experienced increasing demands for more\neffective and efficient internal controls aimed at strengthening and enhancing the reliability\nof financial statement there exist very little empirical studies focusing on the application of\nthe five components of the COSO control framework in Revenue Cycle Internal Controls in\nGhanaian University. The study is relevant in increasing the understanding and evaluating\ninternal control effectiveness of Ghanaian Universities. The purpose of this research paper is\nto assess the level of effectiveness of the Revenue Cycle Internal Control Systems of\nUniversities in Ghana using the Committee of Sponsoring Organisation of the Treadway\ncommission (COSO) control framework in order to provide the basis for streamlining and\nimproving controls in the Universities in Ghana. The study uses primary data collected\nthrough a survey instrument from respondents sampled from Universities and University\nColleges. The results indicate that all five components of the COSO framework were in place\nand functioning effectively. The sampled population consist of Ghanaian Universities only,\nconsequently the research outcome may not necessarily represent all Universities in the world.\nOnly selected Universities and University Colleges in Ghana were included in the research,\ntherefore the findings of this study cannot be attributable to all Higher Educational\nInstitutions in Ghana.
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