CHAPTER FIVE SUMMARY OF FINDINGS CONCLUSION AND RECOMMENDATIONS 5.0 Introduction

Abstract

Following analysis and data collection, the following discussions, conclusion and recommendations were made. The responses were based on the specific objectives of the study. The study sought to analyze the application of financial control systems in financial frauds in different public entities. A case of Arusha, Tanzania Country Government. Further the study sought to; establish the impacts of control environment and activities and also to assess the role of risk assessment on detection and prevention of frauds in County Government. Additionally, the study sought to analyze the influence of information flow and to establish the effects of monitoring and evaluation in detection and prevention of frauds in Tanzania. 5.1 Summary of Findings This section entails the summary of the study objectives. 5.1.1 Control Environment and Control activities The study revealed that major financial control systems in place to detect and prevent frauds in their county, are activities that provide evidence that an activity has occurred and this includes analysis, reconciliations, and reviews. The study also indicated that there are provisions of authorizations in the form of expenditures to be in accordance to the approved budget. Further the study revealed that budget expenditure involves questioning of unusual items, justification of the transaction and review of source documents. Additionally, the study indicated that the county administration conducts the processes of authorization and approval procedures, separation of duties, controls over access to assets and records, verifications, reconciliations, reviews of operating performance, reviews of activities and activities, and supervision The study also indicated that major financial controls would be rated as being effective. The study indicated that there was need for urgent change in the country in the control activities to make them appropriate and ensure that they function consistently in accordance to the plan, over the 40 period, and be cost effective, comprehensive, reasonable, and in direct relation to its control objectives. Additionally, the study revealed that; all workers have work schedules hence no job conflicts, also there is a mechanism to monitor regular attendance of staff. Also, the study revealed that all the duties are performed according to the approved standards also that the work structure is flexible that it allows staff to go on leave in the month of their choice without pressure. Further that staffs have good working relationships between themselves and also that all jobs are given on competency basis.

Full text

CHAPTER FIVE
SUMMARY OF FINDINGS CONCLUSION AND RECOMMENDATIONS
5.0 Introduction

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5.1 Summary of Findings

5.1.1 Control Environment and Control activities

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)



&*+(,'-
$
)
.*+(,/-

#

5.1.2 Risk Assessment
0#"
#
 
#


#

#
%
###

#
',
# 010*+(,'-

#
5.1.3 Information and Communication
0

$
2$
$

"





1*+(,,-

3*+(,4-
$


4.1.4 Monitoring and Evaluation
0"
&

%

5*+(,,-)

%#
&

$'+
)
%
.*+(,+-
##


5.2 Conclusion
0
#

#
6
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8
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%#
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9$
 !
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#

1#:
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$<%
#
%
&
7*#-#
%=#
>#

>

&#

''#
%
%%
%

5.4 Areas of Further Studies



$

REFERENCES
=.;#1;#?*+(,(-
5+@*,,-442@A
=#!*+(,(-
B
5#BC5=D
!E*+((A-8158F)1
DG0=HD
;
D;*+(,,-
E5/(*/-/IA2',+
010*+((I-) J)#CK))
 ;)3?#3?,((/@2LAA4