Abstract:
A proficient system of internal control is a vital component in managing an
organization, and serves as the foundation for the secure operation of entities. It
has also been proven to have led to the perception of being fundamental to
employee and organizational performance. Internal controls serve as a means to
align organizational goals and aspirations with employees’ capabilities,
activities, and performance. The purpose of this research is to investigate the
impact of effective internal controls on the finances of not-for-profit
organizations that focus on the Church of Pentecost under the Elmina District
of the Church of Pentecost in Komenda Edina Eguafo Abrem Municipal
Assembly. The investigation was conducted by distributing 160 questionnaires
to members of the Church of Pentecost – Elmina District. The questionnaire
results show a significant impact on finances when internal control systems are
working in a non-profit organization.
