Evaluation Of The Effectiveness Of Internal Control On Fraud Prevention In Banks (A Case Study Of First Bank Nigeria Plc)

ABSTRACT

This study examines the evaluation of the effectiveness of Internal Control on Fraud Prevention

in Banks. The objective of this research is to examine the effect of the internal control system

when it comes to prevention of fraud. The method of data collection used for this work is

questionnaire, the questionnaire used was distributed to the selected respondents. Simple random

technique was used making use of Yaro Yamane formula. The method of data analysis employed

was the chi-square analysis. Based on the findings, there is a significant relationship between

internal control system and fraud prevention in banks therefore adequate internal control system

should be adopted.