internal control measures of grocery stores in the first district of Rizal calendar year 2016 Erianne Joy P. Esguerra, Mark Angelo B. Marcos, Marixzol S. San Jose

Thesis BSA University of Rizal System, Binangonan 2017

includes bibliographical references

This study aimed to measure the effectiveness of internal control of selected grocery stores in the First District of Rizal Calendar Year 2016. The researchers used the descriptive method in measuring how effective the internal control measures of the selected grocery stores in the First District of Rizal. Selected grocery stores serves as the subject of the study. Major instruments used were questionnaires based from the COSO Internal Control- Integrated Framework. Data were gathered through walk-in interview with targeted grocery stores in First District of Rizal. The total number of respondents were 12 but only 7 of them are available and willing to undergo for interview. Based on the presentation, interpretation and analysis of data gathered, the researchers formulated a summary, conclusion and recommendation in the findings of the study. The results in selected grocery stores showed that they were using internal control measures to their policies or procedures put in place to safeguard an asset, provide reliable financial information, promote efficient and effective operations, and ensure policy compliance. In terms of Control Activities, Information and Communication, Control Environment, Risk Assessment, and Monitoring, this implies that the grocery stores were always used to implement and maintain those charged with governance, management and other personnel to provide reasonable assurance about the achievement of an entity's objectives with regard to reliability of financial reporting, effectiveness and efficiency of operations, and compliance with applicable laws and regulations. The researchers verified the null hypothesis that there is no significant difference on the perception of the respondents in the Internal Control Measures of Selected Grocery Stores except in the variable "Control Activities" in terms of age. As to the business profile, the researchers confirmed that the null hypothesis that there is no significant difference in the Internal Control Measures of Selected Grocery Stores apart from the variables "Information and Communication" and "Risk Assessment" in terms of types of business organization. To sum it up, the basis of the grocery stores in their choice of internal control measures into Control Activities, Information and Communication, Control Environment, Risk Assessment, and Monitoring were constantly implemented.