Evaluation of Internal Control Structure: Evidence from Six Listed Banks in Bangladesh

A critical evaluation of internal control structures in organizations is necessary to determine their capacity to ensure that the organization’s activities are carried out in accordance with established goals procedures. This study is on six listed private banks of Bangladesh. The paper develops a conceptual model in evaluating the internal control structure. The result is that almost all the banks in our sample achieved most of components of control objectives in a greater extent and the deviation regarding achievement of these is minimum. Only one or few banks have lacking regarding some of the control components. This indicates that more or less the current internal control structure is effective for all the sample banks used in the study. The study ends with some recommendations about those components of control variable found ineffective in the study.