The Role Of Professional Accountant In Fraud Detection And Prevention In The Banking Sector Of Nigeria (A Study Of Some Selected Banks)
ABSTRACT
This study was
carried out to ascertain the role of professional accountant in fraud detection
and prevention in Nigeria banking sector with reference to Eco bank and Access
bank plc in Umuahia. Primary data obtained from administration of questionnaire
was analyzed using cumulative frequency/percentage, and simple regression
analytical tool. The empirical analysis result revealed that effectiveness of
professional accountant has signfl cant effect on fraud detection and
prevention and also indicate that Fraud has sign fl cant effect on Bank profit.
It was recommended that appropriate sanctions should be applied when fraud is
detected. Where persecution is considered to be the appropriate sanction, proper
accounting procedures need to be followed during investigation and trained
experts like the Professional Accountants should conduct the investigation,
where there is evidence offraud, appropriate disciplinary should be
implemented. Criminal prosecution may also be instituted as well as civil
action to recover any losses of customer 's money or property. Eco bank and
Access bank is hereby encouraged to learn from what others are doing on fraud
prevention, detection and investigation.
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UDEME, C (2021). The Role Of Professional Accountant In Fraud Detection And Prevention In The Banking Sector Of Nigeria (A Study Of Some Selected Banks). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/the-role-of-professional-accountant-in-fraud-detection-and-prevention-in-the-banking-sector-of-nigeria-a-study-of-some-selected-banks-7-2
CHINYERE, UDEME. "The Role Of Professional Accountant In Fraud Detection And Prevention In The Banking Sector Of Nigeria (A Study Of Some Selected Banks)" Mouau.afribary.org. Mouau.afribary.org, 22 Nov. 2021, https://repository.mouau.edu.ng/work/view/the-role-of-professional-accountant-in-fraud-detection-and-prevention-in-the-banking-sector-of-nigeria-a-study-of-some-selected-banks-7-2. Accessed 01 Nov. 2024.
CHINYERE, UDEME. "The Role Of Professional Accountant In Fraud Detection And Prevention In The Banking Sector Of Nigeria (A Study Of Some Selected Banks)". Mouau.afribary.org, Mouau.afribary.org, 22 Nov. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-role-of-professional-accountant-in-fraud-detection-and-prevention-in-the-banking-sector-of-nigeria-a-study-of-some-selected-banks-7-2 >.
CHINYERE, UDEME. "The Role Of Professional Accountant In Fraud Detection And Prevention In The Banking Sector Of Nigeria (A Study Of Some Selected Banks)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-role-of-professional-accountant-in-fraud-detection-and-prevention-in-the-banking-sector-of-nigeria-a-study-of-some-selected-banks-7-2