Impact Of Internal Control System On Detection And Prevention Of Fraud In A Business Organization (A Case Study Of Nigerian Bottling Company Plc Enugu)
ABSTRACT
This study focused on the impact of internal control system
on detection and prevention of fraud in business organization with particular
reference to Nigerian Bottling Company PLC. Enugu. The non-adoption of internal
control system by some business organizations in reporting financial statement
over the years might have resulted to fraud. The population of study used in
this work is the staff of Nigerian bottling Company Enugu with 36
questionnaires distributed to them and were all returned by the respondents.
The statistical instrument used were Multiple Regression Analysis and
descriptive statistics where the percentage and frequency of the respondents to
each question was used for the analysis. In carrying out the hypothesis
testing, Regression analysis was used to test it at 0.05 level of significance.
This research found out that internal control system has significant impact on
the financial control management of an organization and internal control
ensures proper use of organizations funds and assets. Management should ensure
that there are adequate organizational controls and that each staff knows his
duties and equally ensures effective segregation of duties. The researcher then
recommends that the internal control system should be organized and
strengthened to position the staff in carrying out their duties efficiently and
effectively and at the same time evaluated periodically to strengthen its
weaknesses in the organization.
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IBEHIJEAMAKA, J (2021). Impact Of Internal Control System On Detection And Prevention Of Fraud In A Business Organization (A Case Study Of Nigerian Bottling Company Plc Enugu). Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-internal-control-system-on-detection-and-prevention-of-fraud-in-a-business-organization-a-case-study-of-nigerian-bottling-company-plc-enugu-7-2
JENNIFER, IBEHIJEAMAKA. "Impact Of Internal Control System On Detection And Prevention Of Fraud In A Business Organization (A Case Study Of Nigerian Bottling Company Plc Enugu)" Mouau.afribary.org. Mouau.afribary.org, 29 Nov. 2021, https://repository.mouau.edu.ng/work/view/impact-of-internal-control-system-on-detection-and-prevention-of-fraud-in-a-business-organization-a-case-study-of-nigerian-bottling-company-plc-enugu-7-2. Accessed 31 Oct. 2024.
JENNIFER, IBEHIJEAMAKA. "Impact Of Internal Control System On Detection And Prevention Of Fraud In A Business Organization (A Case Study Of Nigerian Bottling Company Plc Enugu)". Mouau.afribary.org, Mouau.afribary.org, 29 Nov. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-internal-control-system-on-detection-and-prevention-of-fraud-in-a-business-organization-a-case-study-of-nigerian-bottling-company-plc-enugu-7-2 >.
JENNIFER, IBEHIJEAMAKA. "Impact Of Internal Control System On Detection And Prevention Of Fraud In A Business Organization (A Case Study Of Nigerian Bottling Company Plc Enugu)" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/impact-of-internal-control-system-on-detection-and-prevention-of-fraud-in-a-business-organization-a-case-study-of-nigerian-bottling-company-plc-enugu-7-2