A Comparative Study of Internal Control System Practices in some Selected Government Business Enterprises in Rwanda

More than ever, the concept of Internal Control System has become a crucial concern for todays' entities, requiring their respective board of directors and/or executive managers to hold-on the candle-light of high integrity, zero tolerance to frauds and embezzlement of public funds, compliance with different sort of internal and external environment's rules and regulations, as a prerequisite to competitive edges.

With this regard, the present study examines whether there is or not a significant difference between respondents 'perceptions on internal control practices in some selected government business enterprises in Rwanda.

Primary and secondary data have been used for this study, where the first ones have been collected through observation, non-structured interview and questionnaires with 0.814 Cronbach's Alpha reliably test.

Descriptive statistics in terms of frequencies and percentages were used to assess the level of respondents' perceptions, and T-test was used to find out if there was any significant difference between variables.

The study found that there is no significant difference existing with respect to control environment, risk assessment, control activities, information and communication; but when it came to monitoring activities, a significant difference has been evident.

All in all, the overall administered t-test concluded that there is a significant difference between respondents 'perceptions on internal control practices with regard to Rwanda government business enterprises.

Basing on findings, some areas needing improvement like staff professional trainings, system of information gathering on frauds and embezzlements trends have been recommended to companies under study.