Abstract
Internal control is one of the vital tools for management which can be compared to the nervous system of the organization that ensures effective execution of the organization’s functions. In this study an attempt has been made to identify the important internal control practices in small businesses and study the relationship between them with the objective of prioritizing the practices for making the internal control system effective in the organization, primarily to detect and prevent fraudulent activities in financial matters. The study has been conducted employing interpretive structural modelling approach and MICMAC Analysis. The study shows the dependence and driving power of individual factors and interaction between them to point out relatively important factors the small business organisation must focus on to make the internal control system effective. KEY WORDS Internal control, Internal audit, fraud prevention, Micmac analysis, accounting control
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
