Dahabshiil Company Case Study
The impact of internal control on financial management of dahabshiil company
INTRODUCTION
The study was concentrating on the impact of the internal controls of Dahabshiil company. It’s a Somali company that was established in (1972) in Burao city but later moved its HQ to Hargeisa, which is the capital Somaliland after moving to the capital city and company start grow and became the leading company and corporate with foreign companies that his rule and regulation. They recognize that they in need to develop an internal control and train their staff. Internal controls enhance financial management of organizations whilst in conclusion, it was recommended that, Management should ensure that there are adequate organizational controls
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A well-defined Dahabshiil structure helps management to run the business in an orderly manner. This enhances operational efficiency, which are the important features of internal control. Other specific purposes of this study include the following.
1. To examine the impact of internal controls in ensuring proper use of Dahabshil’s finance and assets.
2. To ascertain whether perpetration of fraud and losses of Revenue in Dahabshiil are as a result of weakness in Internal Control system.
3. To examine the extent that internal control system helps in minimizing misrepresentations of facts and proper preparation and presentation of financial statements by the employees concerned in organization.
4. To determine the relationship between internal control measures and proper keeping of accounting records.
5. To ascertain the extent to which internal controls help organizations in staying on budgets.
Scope of the Study
This study will be conduct in Hargaisa the capital city of Somaliland. Dahabshiil Company This study will be set to examine the evaluating the internal controls of Dahabshiil Company. importance of the Study
There is no argument that this study factory have been conduct on
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Adequate lines of reporting for all aspect the organization iron I & promise licensed under creative common operations, include controls should be clearly stated and delegation of authority and responsibility should be
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