Effect of Internal Controls on the Financial Performance of the Church of Pentecost in the Komenda Edina Eguafo Abrem District

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.