“…These reviews in line with the security system to safeguard the assets rise the cost of committing fraud and this decrease fraud and increase the firm's financial performance. This is in line with the studies of Etengu and Amony (2016), Ibrahim, Diibuzie and Abubakari (2017) and Muraleetharan (2011) that showed that control activities have a positive and significant effect on the financial performance, hence the third research sub-hypothesis could be stated as follows: With respect to information and communication, Al-Thuneibat et al, (2015) emphasized that having a high quality information system that positively influences the management ability to make proper decisions such as investing in profitable projects, decrease costs, increase capabilities, set plans to increase sales and revenues may enhance the financial performance if the correct information is transferred on time by a strong information system to appropriate parties. Besides, a strong information system makes sure that all the employees at all levels of the organization fully understand ICS and the tasks they are required to execute and hence they will follow it correctly and accordingly, improve the financial performance of the organization.…”