Application Of Internal Control Measures As A Means Of Fraud And Error Prevention In The Public Sector A Study Of State Ministry Of Finance Aria State

ABSTRACT

In other to prevent and control fraud and error in the public sector "A study of state Ministry of Finance Abia State. According to Azubuiken his book "Advance Auditing (2003:76)", the auditors seek reasonable assurance that fraud or error which may be material to the financial information has not accrued or that if it has accrued, the effect of the fraud is properly reflected in the financial information or the error is corrected. In the population of the study, the number of staff used is One Hundred and Two (102) and the sample size is 81.3% which made up of all the public accounts such as the Federal, State and Local Government accounts. How fraud and error can be controlled and prevented in them. And also to arrive at a logical conclusion, three hypothesis were formulated and tested. The test of hypothesis one revealed that there is no positive and significant relationship between prevention and control of fraud and errors. And also the auditors' performance in the control of fraud and error is no average. It also discovered that the auditor helps in the prevention and control of fraud and error in the public accounts. Hypothesis two review that auditors effectively and efficiently controls fraud and error. Auditing techniques are being consistently applied by auditor in prevention and control of fraud and errors. Hypothesis reveals that the prevention and control of fraud and error are independent of the auditors' morale. The incident of fraud. The control of fraud and error is an important objective of an audit for the -incident of fraud and error to minimize. Lastly, here my recommendations where made (i) The accountancy profession should re-examine the objective of the auditing and place more emphasis on the control of fraud and error. (ii) The system, method and techniques of fraud control should be revealed, bet1er and more current innovation introduced.