Background of the Study
Internal controls are critical for maintaining organizational efficiency, reducing costs, and safeguarding assets. For MTN Nigeria, a leading telecommunications company, effective internal controls are essential for minimizing operational expenses and enhancing profitability (Ekechi & Onuoha, 2023).
Internal controls encompass policies and procedures designed to ensure compliance, prevent fraud, and optimize resource utilization. In Nigeria’s competitive telecommunications industry, the adoption of strong internal control systems can help organizations like MTN Nigeria reduce costs and maintain a competitive edge.
This study examines the effect of internal controls on cost reduction at MTN Nigeria, exploring their implementation, effectiveness, and associated challenges.
Statement of the Problem
Despite the potential benefits of internal controls, many organizations in Nigeria struggle with inadequate systems, poor implementation, and lack of oversight. At MTN Nigeria, challenges such as high operational costs and fraud risks highlight the need for robust internal control mechanisms (Ogundele & Alabi, 2024).
This study investigates how internal controls contribute to cost reduction at MTN Nigeria, identifying gaps and proposing strategies for improvement.
Objectives of the Study
Research Questions
Research Hypotheses
Scope and Limitations of the Study
This study focuses on the internal control systems at MTN Nigeria, with an emphasis on their role in cost reduction. Limitations include restricted access to sensitive operational data and potential bias in employee responses.
Definitions of Terms
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