The Role Of Professional Accountants In Fraud Detection And Prevention. (A Survey Of Some Selected Firms In Imo State)
ABSTRACT
The purpose of this study was to find out the
and role professional accountants play in fraud detection and prevention. A
sample of four firms/establishments was drawn from Imo State. Nigeria. From the
population a sample size of sixty respondents was selected, thirty internal
auditors and twenty external auditors. Questionnaire were administrated and
prepared out of the sixty administered, fifty were returned representing 83%
response. Personal interview were also conducted. In analyzing and interpreting
the data collected from respondents, chi-square method was used. The result
showed that it was internal auditors that had the impact and role to play in
fraud detection and prevention and not external auditors since internal audit
is to maintain a system of internal check that prevents and detects fraud and
errors. External auditors role being to give professional opinion on the truth
and fairness of the account. From the findings however, it can be stated that
the responsibility for the prevention and detection 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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MICHAEL, U (2021). The Role Of Professional Accountants In Fraud Detection And Prevention. (A Survey Of Some Selected Firms In Imo State) . Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/the-role-of-professional-accountants-in-fraud-detection-and-prevention-a-survey-of-some-selected-firms-in-imo-state-7-2
UNIVERSITY, MICHAEL. "The Role Of Professional Accountants In Fraud Detection And Prevention. (A Survey Of Some Selected Firms In Imo State) " Mouau.afribary.org. Mouau.afribary.org, 22 Jul. 2021, https://repository.mouau.edu.ng/work/view/the-role-of-professional-accountants-in-fraud-detection-and-prevention-a-survey-of-some-selected-firms-in-imo-state-7-2. Accessed 27 Nov. 2024.
UNIVERSITY, MICHAEL. "The Role Of Professional Accountants In Fraud Detection And Prevention. (A Survey Of Some Selected Firms In Imo State) ". Mouau.afribary.org, Mouau.afribary.org, 22 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-role-of-professional-accountants-in-fraud-detection-and-prevention-a-survey-of-some-selected-firms-in-imo-state-7-2 >.
UNIVERSITY, MICHAEL. "The Role Of Professional Accountants In Fraud Detection And Prevention. (A Survey Of Some Selected Firms In Imo State) " Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-role-of-professional-accountants-in-fraud-detection-and-prevention-a-survey-of-some-selected-firms-in-imo-state-7-2