The effectiveness of internal control procedures in small and medium enterprises: the case of milk sector in Edirne Turkey

Abstract

If internal control activities are not appropriately defined and set systematically, the effectiveness of SME management lacks the value that could be added by internal control procedures to protect the assets by eliminating likelihood of imperfection and fraud. The study aims to explore the use of internal control through a questionnaire conducted on the sample consisting of 57 SMEs in the milk sector of Edirne, Turkey and the results were analyzed on SPSS by comparatively assessing the findings on control environment, internal control procedures, monitoring risks; and relevant suggestions were cited.