Reducing Financial and Administrative Corruption Through the Ingredients of the Internal Control System

Abstract

The task of the internal control system in any economic unit is to achieve its objectives by protecting its assets, reliability of its data and adherence to administrative and other policies. The basis of the judgment on the strength or weakness of the internal control system is the basic ingredients of it. It is the clear administrative structure and efficient accounting system. Duties and selection of competent staff and placement in appropriate centers and accurate system to monitor performance as well as the use of all means of automation, all of these should be applied correctly to reduce the cases of financial and administrative corruption .

Keywords: Financial corruption, Administrative corruption, Internal Control Ingredients.

DOI: 10.7176/RJFA/10-16-06

Publication date: August 31^st 2019