IJSRP, Volume 9, Issue 12, December 2019 Edition [ISSN 2250-3153]
K.A.H.M.Kumari & Dr.W.M. R. B. Weerasooriya
Internal control system is a system design and implemented by the management to safeguard assets, ensuring accuracy and reliability of information and increasing the effectiveness of entity’s operations. The need for the internal control system in Banks can’t be undermined since the banking sector has a crucial role to play in the economic stability and rapid growth in real economic activities. Nevertheless, effective implementation of internal controls on private bank’s financial performance is under studied.