International records / OpenAlex research

Effective Internal Control Systems and Return on Assets (ROA) of Deposit Money Banks in Nigeria

This study investigated the impact of effective internal control systems on the Return on Assets (ROA) of deposit money banks in Nigeria. Internal controls are crucial for ensuring the accuracy and reliability of financial reporting, compliance with laws and regulations, and the overall operational efficiency of financial institutions. The study adopted an ex-post facto research design. Secondary data were extracted from the audited financial statements of 10 deposit money banks, listed on the Nigerian Exchange Group (NGX). Data were subjected to descriptive statistics (mean, median, mode, and…