FRAUD IN FINANCIAL INSTITUTION AND THE AUDITORS LIABILITY
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
This study was carried out on fraud in financial institution and the auditors liability using Access Bank, Ikeja, Lagos State as case study. To achieve this 4 research questions were formulated. The survey design was adopted and the simple random sampling techniques were employed in this study. The population size comprise of the entire Staff of Access Bank, Ikeja, Lagos State. In determining the sample size, the researcher conveniently selected 35 respondents while 30 respondents were validated. Self-constructed and validated questionnaire was used for data collection. The collected and validated questionnaires were analyzed using frequency tables and percentage. While the hypothesis were tested using Chi-square statistical too. SPSS v23. The result of the findings reveals that; the internal control system of access bank is very effective; there is a relationship between auditors and fraud detection in Nigeria financial institutions; auditors can solely prevent fraud in Nigeria banks; auditors in Nigerian Banks are very transparent and effective in detecting and preventing fraud in Nigeria financial institution. Based on the findings, the researcher recommended that the management of the commercial banks should ensure that the available corporate fraud control and prevention systems are utilized, maintained and updated for effective fraud control and prevention; viable audit committee to evaluate and oversee everyday transactions of the bank and assist the management with oversight of reporting any lapses in the internal controls process of the bank; Anti-fraud seminars should be conducted on regular basis to employees; Job rotations within the bank should be planned by auditors and other senior officers to ensure effectiveness and the rotations should not be communicated ahead of time to the involved employee and to mention but a few.
Related Project Materials
The Impact of Sustainable Land Management on Nigeria’s Agricultural Productivity
Background of the Study
Sustainable land management (SLM) involves practices that optimize the use of land resources to en...
The impact of mobile banking platform improvements on customer engagement in finance: a case study of Ecobank Nigeria
Background of the Study
Mobile banking platforms have become the cornerstone of modern financial services,...
MOTIVATIONS FOR CODE SWITCHING AMONG FULFULDE SPEAKERS WITHIN YOLA SOUTH LOCAL GOVERNMENT AREA, ADAMAWA STATE
ABSTRACT
The practice of code-switching today has become a common act in a multilingual and bilingual societies. This research attempts t...
APPRAISAL OF THE EFFECT OF PROPERTY MANAGEMENT ON PROPERTY VALUE
ABSTRACT
The property industry in Nigeria has been confronted with pressure due to population growth and urbanization ch...
The impact of voter education on electoral participation in Zaria Local Government Area, Kaduna State.
Background of the Study
Voter education is a key aspect of electoral participation, playing a critical role in empowering c...
The Challenges of Adopting Eco-Friendly Business Practices in Nigeria: A Case Study of Small Manufacturing Firms in Jigawa State
Background of the Study
Adopting eco-friendly business practices has become a global priority, driven by increasing environ...
CRITICAL ANALYSIS OF THE CAUSES AND EFFECT OF MASS FAILURE OF MATHEMATICS IN SENIOR SECONDARY SCHOOL CERTIFICATE EXAMINATION
ABSTRACT
There has been a problem for some years now, student’s poor academic performance in senior secondary Scho...
Exploring the Impact of Customs Modernization on Nigeria’s Trade Efficiency
Background of the Study :
Customs modernization refers to the adoption of advanced technologies and streamlined procedures...
An Assessment of Barriers to Accessing Psychiatric Care in Rural Communities in Zamfara State
Background of the Study: In rural areas of Nigeria, including Zamfara State, access to mental health service...
Investigation into the Use of Quantum Computing in Predicting Weather Patterns at Nigerian Meteorological Agency, Abuja
Background of the Study
Accurate weather forecasting is essential for agriculture, disaster management, aviation, and ot...
