Rahel Bekele

Effective internal control system can play a very crucial role in every organization to realize organizational goals, one of which is achieving financial performance objectives. The main purpose of this study was to determine the impact of internal control systems on financial performance on Ethiopian shipping and Logistics Services Enterprises as a case study. Specific objectives include evaluating the existing internal control system in the organization and investigating the relationship between the five internal control elements and financial performance. The study used explanatory research design research design by using both descriptive and quantitative methods where primary data is collected using Likert-scale questionnaires distributed and interviews made with employees in the finance department. Secondary data was gathered from company's financial statements and publications. The dependent variable was financial performance measured in-terms of profitability and ROA. The...