Role Of Statutory Auditors In Preventing And Detecting Frauds In Government Establishment In Nigeria (A Study Of Aba South Local Government)

ABSTRACT

The main objective of the study "examining the role of statutory auditors in preventing and detecting frauds in government establishments in Nigeria" and therefore hypothesized that there is no significant effect of statutory auditors and examining of financial statement of government establishments in Nigeria, and that the statutory auditors 'role has no significant effect on fraud prevention and detection in government establishments in Nigeria. The study engaged the survey research design method through administration of questionnaires to a sample size of 32. To estimate the variables, it adopted the ordinary least squares based simple regression analysis. The study found out that the probability of the F-statistics for the effect of statutory auditors' role on examining the financial statement of government establishments in Nigeria and the statutory auditors' role on fraud prevention and detection in government establishments in Nigeria were significant at 4.3% and 4.5% and therefore recommends that; the statutory auditors ' should examine the financial statement properly and also bear in mind to detect any misstatement, fraud, etc., that will affect the true and fair view of the financial statement as well as ensuring the effectiveness of the internal control systems.