Internal control in Trinidad and Tobago religious organizations

Author: Bowrin A.R.

Source: Accounting, Auditing & Accountability Journal, Volume 17, Number 1, 2004 , pp. 121-152(32)

Publisher: Emerald Group Publishing Limited

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Abstract:

The purpose of this paper is twofold. First, it describes the nature of internal controls (IC) in Christian and Hindu religious organizations (ROs) in Trinidad and Tobago. Second, the paper provides an assessment of the relative comprehensiveness of IC among the ROs examined and offers tentative explanations for the findings. Most of the information used in the paper was collected by conducting structured interviews with the chief financial officer(s) of each RO. This information was supplemented by published studies. The findings indicate that the ROs as a group have inadequate and patchy IC systems. Conversely, all the ROs examined had implemented many of the basic foundational elements of an effective IC system. This suggests that they could significantly improve the quality of their IC systems by instituting some fairly minor and cheap practices. The implications of these findings for administrators and researchers of ROs are discussed.

Keywords: Internal Control; Religion; Trinidad and Tobago

Document Type: Research article

DOI: http://dx.doi.org/10.1108/09513570410525238

Publication date: 2004-03-12