Management Of Fraud And Wastages In Business Organizations: Implications For Internal Auditors

MANAGEMENT OF FRAUD AND WASTAGES IN BUSINESS ORGANIZATIONS: IMPLICATIONS FOR INTERNAL AUDITORS

ABSTRACT
This study is on management of fraud and wastages in business organizations: implications for internal auditor. Many objectives were set among which are: to identify the nature, types and major causes of fraud and wastages in business organizations. To find out the factors that motivates workers to indulge in fraud and wastages in business organizations. To identify the effects of fraud and wastages in business organizations. To proffer solution on how to minimize fraud and wastage in business organizations using internal control measures and other accounting measures set aside for the detection of fraud and wastages. Hypotheses were also tested to determine if or not the hypotheses might be instrumental in fraud and wastages occurrences in business organizations. In arriving at the data used, both primary and secondary data were used. The primary data includes questionnaires distributed to sampled staffs and management of May and Baker Plc and Drugfield Specialty Product Plc. The secondary data includes materials form published textbooks, internet, articles and newspapers. These were tested using Chi square (x2) distribution. Data were analyzed and some of the findings include inadequate control measures took the most significant causes of fraud and wastages followed by deliberate intent and management ignorance. Finally, I recommended that proper internal control measure should be put in place, and other measures that will help to facilitate it like: inspection, review and observation. Trustworthiness, competence and integrity of employees and their understanding of prescribed policies and procedures.

About admin

Check Also

Problems And Prospects Of Local Government Finance In Nigeria (a Comparative Case Study Of Enugu North And Enugu South Local Government Area)

Problems And Prospects Of Local Government Finance In Nigeria (a Comparative Case Study Of Enugu …

 Problems In Monetary Policy Implementation By Central Bank Of Nigeria (cbn)

 Problems In Monetary Policy Implementation By Central Bank Of Nigeria (cbn) Format: Ms Word Document …

Problems Of Banking Services Among Commercial Institution In Nigeria (a Case Study Of New Nigeria Bank Plc)

Problems Of Banking Services Among Commercial Institution In Nigeria (a Case Study Of New Nigeria …

The Role Of Financial Management A Corporate Orgnaization A Case Study Of Nicon Insurance Company Limited Enugu, Enugu State

The Role Of Financial Management A Corporate Orgnaization A Case Study Of Nicon Insurance Company …

The Role Of Financial Management A Corporate Orgnaization A Case Study Of Nicon Insurance Company Limited Enugu, Enugu State

The Role Of Financial Management A Corporate Orgnaization A Case Study Of Nicon Insurance Company …

Shortage Of Human Resources In Government Establshment Problems And Solutions (a Case Study Of Ministry Of Finance And Economic Planning Enugu State)

Shortage Of Human Resources In Government Establshment Problems And Solutions (a Case Study Of Ministry …

Leave a Reply

Your email address will not be published. Required fields are marked *