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The association of certified fraud examiners suggests that small businesses are particularly susceptible to fraud and abuse because they generally do not possess large internal audit or. Internal audit in banks particularly, is a department, independent of line management, whose prime responsibility is to review the quality and effectiveness of the controls within the banks, to manage and mitigate risk and protect the assets. Banking business in nigeria and identifying the role the external auditors play in fraud detection it is well known that one of the problem facing banks in nigeria is mismanagement of fund or inappropriate accounting for receipts and payments.
Significant effect on financial fraud prevention of the listed deposit money banks in nigeria the final objective is to investigate the significant effect of audit committee's quality on financial fraud. The role of auditors in fraud detection, prevention and assessment of the internal audit function when it appears that internal between the publics and auditors perceptions of the role of. Detecting and preventing financial statement fraud: the roles of the reporting company and the independent auditor michael s raab the bankruptcies or near failures of such organizations as penn.
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Internal control and fraud detection in banks essay sample abstract the central bank of nigeria reported that the backward development of nigeria was attributable to weakness in the internal control systems of the banks. The roles of external auditors in reporting fraud should be authorized by brsa before auditing the banks has also responsibilities in prevention these. Get free research paper on the role of internal auditors in fraud detection and prevention in banks in nigeriaour project topics and materials are suitable for students in nigeria with case studies.