Role Of The Independent Auditors In Fraud Detection, Prevention And Reporting In Corporate Organizations (A Study Of Oceanc/Ecobank Plc, Umuaha, Abia State)
ABSTRACT
The purpose of this study was to
flnd1the role the independent auditor in fraud detection prevention and reporting
in corporate organization data were obtained from fifty respondents in
Oceanic/Ecobank Plc Umuahia, questionnaires were administer and prepared out of
the sixty administered, fifty were returned personal interview were also
conducted. In analyzing and interpreting the data also collected from
respondents, chi-square (x2) method was used. The result showed that it was
internal auditors that has the impact and role to play in fraud detecting,
preventing and reporting and not the independent auditors since internal
auditor is to maintain a system of internal check that prevents, report and
detects fraud. Independent auditor role being to give opinion on the truth and
fairness of the account. From the findings however, it can be stated that the
responsibility for the preventing, detecting and reporting of irregularities
and fraud rests with management who may obtain reasonable assurance by
instituting an adequate system of internal control and internal audit being
under management. It therefore makes them responsible to management for the
prevention and detection of fraud and irregularities.
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ADIOLE, N (2021). Role Of The Independent Auditors In Fraud Detection, Prevention And Reporting In Corporate Organizations (A Study Of Oceanc/Ecobank Plc, Umuaha, Abia State). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/role-of-the-independent-auditors-in-fraud-detection-prevention-and-reporting-in-corporate-organizations-a-study-of-oceancecobank-plc-umuaha-abia-state-7-2
NKJRUKA, ADIOLE. "Role Of The Independent Auditors In Fraud Detection, Prevention And Reporting In Corporate Organizations (A Study Of Oceanc/Ecobank Plc, Umuaha, Abia State)" Mouau.afribary.org. Mouau.afribary.org, 31 Aug. 2021, https://repository.mouau.edu.ng/work/view/role-of-the-independent-auditors-in-fraud-detection-prevention-and-reporting-in-corporate-organizations-a-study-of-oceancecobank-plc-umuaha-abia-state-7-2. Accessed 28 Nov. 2024.
NKJRUKA, ADIOLE. "Role Of The Independent Auditors In Fraud Detection, Prevention And Reporting In Corporate Organizations (A Study Of Oceanc/Ecobank Plc, Umuaha, Abia State)". Mouau.afribary.org, Mouau.afribary.org, 31 Aug. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/role-of-the-independent-auditors-in-fraud-detection-prevention-and-reporting-in-corporate-organizations-a-study-of-oceancecobank-plc-umuaha-abia-state-7-2 >.
NKJRUKA, ADIOLE. "Role Of The Independent Auditors In Fraud Detection, Prevention And Reporting In Corporate Organizations (A Study Of Oceanc/Ecobank Plc, Umuaha, Abia State)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/role-of-the-independent-auditors-in-fraud-detection-prevention-and-reporting-in-corporate-organizations-a-study-of-oceancecobank-plc-umuaha-abia-state-7-2