Impacts of Internal Controls on a Computerized Accounting System in Islamic Banks in Nigeria

Sagin O Super PhD; Nasiru Aminu Ibrahim; Olalere O Shina PhD; Surajo; Abdulwahab Mohammad

doi:10.56201/jafm.vol.11.no9.2025.pg53.68

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Impacts of Internal Controls on a Computerized Accounting System in Islamic Banks in Nigeria

Sagin O Super PhD, Nasiru Aminu Ibrahim, Olalere O Shina PhD, Surajo, Abdulwahab Mohammad

Abstract

This study examined the impact of internal control on computerized accounting systems in the Islamic banks in Nigeria. The objectives of study are as follows; to determine the effect of internal control, to examine the security of internal control and to find out the compliance of internal control all on computerized accounting system of Islamic banks in Nigeria, the reason for the study is because lack of effective internal controls in a computerized accounting systems of Islamic banks of Nigeria poses significant risks to financial data accuracy, reliability, and security, potentially leading to errors, fraud, and non-compliance with regulatory requirements. A survey research design was employed, and data were collected through primary data (Questionnaires) from the workers of Islamic banks in Nigeria. Descriptive and statistical package for the social sciences (SPSS) were employed in the study. The results of the study revealed a significant positive relationship between internal controls and computerized accounting systems. Specifically, the study found that internal control has a positive impact on the accuracy, reliability, and security of computerized accounting systems. The study's findings have important implications for Islamic banks of Nigeria, highlighting the need for robust internal control measures to ensure the integrity and reliability of financial data. The study recommends that Nigerian banks prioritize the implementation of internal control measures, provide regular training and capacity building for staff, and invest in modern technology to improve the efficiency and effectiveness of computerized accounting systems.

Keywords

Internal Controlcomputerized accountingIslamic banksFinancial Institutions

References

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Impacts of Internal Controls on a Computerized Accounting System in Islamic Banks in Nigeria

Abstract

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