Risk management and internal control systems of financial institutions in Tagaytay City, Cavite / by Khristia Lynne P. De Leon, Jaedeleen N. Desacada and Glizele Toralba.

Thesis (Bachelor of Science in Accountancy) Cavite State University.

Includes bibliographical references.

College of Economics, Management, and Development Studies (CEMDS)

DE LEON, KHRISTIA LYNNE P., DESACADA, JAEDELEEN N., TORALBA, GLIZELE. Risk Management and Internal Control Systems of Financial Institutions in Tagaytay City, Cavite. Undergraduate Thesis. Bachelor of Science in Accountancy. Cavite State University, Indang, Cavite. August 2022. Adviser: Dr. Dolores L. Aguilar.
The study was conducted from May 2021 to January 2022 in Tagaytay City, Cavite. It aimed to describe the sociodemographic profile of the participants and profile of the financial institutions, determine the level of practice of risk management and internal control systems of financial institutions, compare the level of practice of risk management and internal control systems of financial institutions when grouped according to profile of financial institutions, and determine the relationship between the level of practice of risk management and the level of practice of internal control systems of financial institutions.
Descriptive, comparative, and correlational research designs were utilized in the study. Using an adapted questionnaire, data were gathered from the 102 participants in Tagaytay City, Cavite which were chosen using the purposive sampling. The level of practice of risk management in terms of governance and culture, strategy and objective-setting, management performance, and information, communication, and reporting procedures in relation to risk management were highly practiced.
Likewise, the level of practice of internal control systems in terms of control environment and control activities were also highly practiced. Using the Kruskal-Wallis H Test, it was found that there were no significant differences on the level of practice of risk management and internal control systems when grouped according to the profile of financial institutions.
Finally, Somers’s Delta value showed that there is a significant relationship between the level of practice of risk management and internal control systems of financial institutions. Management of financial institutions are encouraged to strengthen the review and revision to ensure effectiveness of risk management. Regarding internal control, management may reinforce the risk assessments, information and communication, and monitoring activities regularly to have an effective internal control.
The findings have revealed that the disaster preparedness level of the schools were highly prepared in all the provisions of school disaster risk reduction management and there is no significant difference between the assessment of school personnel and students towards the level of preparedness in terms of safe learning facilities, school disaster management, risk reduction and resilience education of public high schools. Active participation of stakeholders is really important to address different needs of school in relation to safety hazards preparedness. It is recommended that these schools be re-oriented on the management of evacuation camps since they serve as evacuation centers during emergencies.

Submitted to the University Library 08/22/2022 T-8963