Internal Control for Sustainable Development of Small Scale Enterprises in Lagos State : A Study of Selected Local Governments

The study examines the influence of internal control system on small scale enterprises sustainable development. The specific objective is to determine the influence of organizational structure and recruitment of personnel in small scale enterprises on their net profit margin. The study adopted survey design. Questionnaires were employed for gathering primary data. The researcher employed the purposive sampling technique in selecting participants for the study. Linear regression technique was employed as the basic statistical tool for data analyses in this study, with the aid of SPSS 20.0 software. We discovered significant relationship between organizational structures and recruitment of personnel in small scale enterprises and net profit margin. We recommend that there should be no fusion of personality between the owner of the business and the business. This will encourage the business owner to have good organization structure. Once there is separation of duties among the personnel, it will induce efficient and effective internal control in the organization