EFFECTS OF INTERNAL CONTROL SYSTEM ON THE ORGANIZATOINAL PERFORMANCE OF REMITTANCE COMPANIES IN MODADISHU-SOMALIA
Abstract
The purpose of this research would be to examine the effect of internal control
system practice on the performance of remittance companies in Mogadishu-Somalia. The study
would adopt a quantitative research with the specific research design being a descriptive design.
The population of the study is the classified remittance companies locate in Bakara market, and
they were 15 remittance companies in Bakara market, the employees worked that 15 remittance
companies are 402 employees.The sampling technique use would be purposive sampling.
Primary data would collect by use of questionnaires which are administered through drop and
pick method. Data screening would be done to identify any missing data and it would be further
test for reliability and normality. Data would be analyzing using SPSS version.The study
recommended that there is need for the remittance companies in Mogadishu to increase their
control environment; risk assessment and control activity as it was founded that these variables
positively affects the organizational performance of remittance companies in Mogadishu.
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