Fraud Detection And Control As A Tool For Enhancing Profitability In The Manufacturing Industry (A Case Study Of Pz Industry Nigerian Plc Aba, Abia State)
ABSTRACT
The study was based. on fraud
detection and control as a tool for enhancing p profitability in a
manufacturing industry of P.Z industry Nigeria PLC Aba. It specifically looked
at the instrument of monetary and internal control, cases of fraud and how it was
discovered, the causes of fraud and viays it can be prevented, benefits of
fraud prevention and the extent of relationship between fraud detection and the
overall profitability of the industiy. A random of 30 staffs members were
chosen for the study. The study shows that reconciliation is the instrument of
monetary and internal control. 90% of the respondents indicated that there have
been cases of fraud in the industry. The benefit of fraud prevention
strengthens the company financial clarity, communication. Finally, the
relationship between fraud detection and the overall profitability were
positive and significantly related while the relationship between fraud
detection and volume of sales were also positive and, significantly related.
The following recommendation where made. The management should establish staff
training centers for the personnel starting from the top of the accounting
hierarchy to the bottom as a part of induction programmes for new staff.
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ARUA, S (2021). Fraud Detection And Control As A Tool For Enhancing Profitability In The Manufacturing Industry (A Case Study Of Pz Industry Nigerian Plc Aba, Abia State). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/fraud-detection-and-control-as-a-tool-for-enhancing-profitability-in-the-manufacturing-industry-a-case-study-of-pz-industry-nigerian-plc-aba-abia-state-7-2
STELLA, ARUA. "Fraud Detection And Control As A Tool For Enhancing Profitability In The Manufacturing Industry (A Case Study Of Pz Industry Nigerian Plc Aba, Abia State)" Mouau.afribary.org. Mouau.afribary.org, 17 Nov. 2021, https://repository.mouau.edu.ng/work/view/fraud-detection-and-control-as-a-tool-for-enhancing-profitability-in-the-manufacturing-industry-a-case-study-of-pz-industry-nigerian-plc-aba-abia-state-7-2. Accessed 01 Nov. 2024.
STELLA, ARUA. "Fraud Detection And Control As A Tool For Enhancing Profitability In The Manufacturing Industry (A Case Study Of Pz Industry Nigerian Plc Aba, Abia State)". Mouau.afribary.org, Mouau.afribary.org, 17 Nov. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/fraud-detection-and-control-as-a-tool-for-enhancing-profitability-in-the-manufacturing-industry-a-case-study-of-pz-industry-nigerian-plc-aba-abia-state-7-2 >.
STELLA, ARUA. "Fraud Detection And Control As A Tool For Enhancing Profitability In The Manufacturing Industry (A Case Study Of Pz Industry Nigerian Plc Aba, Abia State)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/fraud-detection-and-control-as-a-tool-for-enhancing-profitability-in-the-manufacturing-industry-a-case-study-of-pz-industry-nigerian-plc-aba-abia-state-7-2