An evaluation of the effectiveness and efficiency of internal financial controls in state-owned enterprises in Namibia: A case study of the Namibia Development Corporation head office projects (Kavango Cattle Ranch and Naute) and regional offices
| dc.contributor.advisor | Matipira Lovemore | |
| dc.contributor.author | Ashipembe, Petrus Nuukushu | |
| dc.date.accessioned | 2025-06-09T13:15:24Z | |
| dc.date.available | 2025-06-09T13:15:24Z | |
| dc.date.issued | 2018 | |
| dc.description | A thesis submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration (Finance) | |
| dc.description.abstract | The thrust of this study was to evaluate the effectiveness and efficiency of internal financial controls in state owned enterprises in Namibia and this was done within the context of the Namibia Development Corporation. The investigation was done to examine the relationship that exists between internal financial control and financial accountability, and misappropriation of public funds. The investigation was prompted by the increase in public sector scandals and misappropriation of public funds in Namibia. The study employed a single case study research strategy to answer the research problem and the study used only senior executives, employees in the audit department, accounting and administration that were drawn from the organisation's head office in Windhoek, projects offices in Kavango cattle ranch and Naute as well as its regional offices countrywide. The participants were randomly selected. The questionnaire was used as the main research instrument of data collection and the Statistical Package for Social Sciences was employed for analysis. The study results showed that there is a significant positive relationship between financial accountability and fraud detection. According to the results of this study, there is a significant positive relationship between internal financial control and fraud detection, prevention of errors as well as financial accountability on the part of the NDC as an organisation that is owned by the state. Therefore, it was concluded that, state owned enterprises with effective internal financial controls can realise better financial accountability to their stakeholders. It was also established from the study that there was a significant positive relationship between internal financial control and protection of the interests of both the organisation and the employees. Thus, an improvement in internal financial control helps state owned organisations to improve service delivery and avoid a lot of misappropriation of funds. In relation to employees, it reduces the degree to which they may be accused of irregularities. The researcher recommends that state owned enterprises should continue to establish and strengthen their internal financial control systems in a bid to enhance financial accountability. This can be achieved through the implementation of policies, recruitment of competent employees and ensuring there are monitoring and evaluation systems in place | |
| dc.identifier.uri | http://hdl.handle.net/11070/4008 | |
| dc.language.iso | en | |
| dc.publisher | University of Namibia | |
| dc.subject | Financial controls | |
| dc.subject | Namibia Development Corporation | |
| dc.subject | Namibia | |
| dc.subject | Kavango cattle ranch | |
| dc.subject | Naute | |
| dc.subject | Internal financial control | |
| dc.subject | University of Namibia | |
| dc.title | An evaluation of the effectiveness and efficiency of internal financial controls in state-owned enterprises in Namibia: A case study of the Namibia Development Corporation head office projects (Kavango Cattle Ranch and Naute) and regional offices | |
| dc.type | Thesis |