Authors : Ngwa Amin Migue; Abubakar Kasum

Volume/Issue : Volume 11 - 2026, Issue 9 - September

Google Scholar : https://tinyurl.com/2ap28a7v

DOI : https://doi.org/10.38124/ijisrt/26sep851

Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.

Abstract : The general objective of this study was to assess the effect of internal control systems on the quality of financial reporting of Micro Finance Institution (using five selected Rainbow Cooperative Credit Unions in Bamenda,) in North West Region of Cameroon. Despite their importance in promoting financial inclusion, many MFIs continue to face challenges of inaccurate reporting, fraud, and regulatory non-compliance, which may be due to weaknesses in internal controls. Guided by the COSO framework, the study examined the effect of control environment, risk assessment, control activities, monitoring activities, and information and communication on financial reporting quality. The study adopted an explanatory sequential mixed-methods design. Data were collected from 200 staff members using structured questionnaires and semistructured interviews, supplemented by documentary analysis. Quantitative data were analyzed using descriptive statistics, Pearson correlation, and multiple regression, while qualitative data were analyzed thematically.

Keywords : Internal Control Systems, Financial Reporting Quality, COSO Framework, Information and Communication, Monitoring Activities, Rainbow CAM Credit Union.

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