Dar es Salaam Campus College (DCC)

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Browsing Dar es Salaam Campus College (DCC) by Author "Kamaghe, Faraja"

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    Effectiveness of internal control over liquid asset (cash) in Tanzania: A case of Kinondoni municipal council
    (Mzumbe University, 2013) Kamaghe, Faraja
    Despite the effort made by the government of Tanzania in ensuring there’s control in their asset in LGA’s few of them have managed to implements effectively the controls on those assets in their Finance Department. Their abundance evidence that arises through audit queries due to the fact that, there are procedure not followed as per government finance guide. In view of the above this study aimed at exploring the effectiveness of controls over cash in the LGA’s transactions. Thus obtaining the factors affected the effective cash controls in LGA’s.The study specifically set to identify strength and weakness of the system of internal controls over cash. More specifically to determine functionality of internal audit and to determine reliability and accuracy of financial report prepared within the period of three years. The study focused on the Municipality of Kinondoni Dar Es Salaam. Findings of this research has shown that the main functionality of internal audit of Kinondoni Municipality included: Evaluating controls and advising managers at all levels, Evaluating risks, Analyzing operations and confirming information and reviewing compliance. The study further revealed that the strengths and weakness of the system of internal control over cash in Kinondoni municipal council include Authorization, Recording and custody. Where Authorization scored 100%, Recording scored 100% and custody scored 100%.