+234 813 0686 500
+234 809 3423 853
info@grossarchive.com

The Internal Control System As An Aid To Detection And Prevention Of Fraud In Banks (A Case Study Of First Bank Of Nigerian Plc)

  • Type:Project
  • Pages:59
  • Format:Microsoft Word
(Accounting Project Topics & Materials)

ABSTRACT  

All investigation using samples are aimed at discovering some things about a particular population. The success of any sample lies in the accuracy with which it reflects the true state of affairs in the whole population. It is however known that it is highly impossible that such reflection would be 100% accurate when we draw a random sample, we hope that it would be representative of the relevant characteristics of the population, but there is no guaranteed since we can never be hundred percent sure. The management can usually best discharge these responsibilities by installing a system for the production of reliable management information, adequate financial reports, prevention of errors and detection of fraud and loss of banks asset. In this study, the research will review the concept of the internal control system and the crucial role it plays in the country. This research also defines the role of internal control system in the bank and takes an in-depth look into the day-to-day activities and dealing of First Bank of Nigeria Plc. It is a known fact today that most companies function effectively or if they fail to function effectively, their glory or ordeal rested on management acumen. This implies that effective and efficient management of any organization is the pre-requisite for the success of such organization, be it banking industry, manufacturing or service organization. In view of the above, the need for effective institution and operation of good internal control system arises.


TABLE OF CONTENTS

Title page i
Certification ii
Dedication iii
Acknowledgement iv
Abstract v
Table of Contents vi
CHAPTER ONE: INTRODUCTION
1.1 Background of the study 1
1.2 Purpose of the study 2
1.3 Significance of the study 2
1.4 Statement of problems 3
1.5 Research questions 3
1.6 Statement of hypothesis 4
1.7 Scope and limitation of the study 4
1.8 Historical background of First Bank of Nigeria Plc 5
1.9 Definition of terms 6
References 8

CHAPTER TWO: LITERATURE REVIEW
2.0 Introduction 9
2.1 Definition of internal control 9
2.2 Strong and effective internal control 
and revenue assurance 11
2.3 Division of internal control 12
2.4 Objectives and importance of internal control 17
2.5 Limitation of internal control 18
2.6 Risk management framework internal control 20
2.7 Governance responsibilities of internal 
control in the bank 21
2.8 Definition of fraud 21
2.9 Fraud management objectives 22
2.10 Components of internal control 22
References 26

CHAPTER THREE: RESEARCH METHODOLOGY 
3.0 Introduction 27
3.1 Research design 27
3.2 Data collection method 28
3.2.1 Purpose of internal control questionnaire 28
3.3 Population characteristics 29
3.3.1 Internal control section 29
3.3.2 Fund transfer section 29
3.4 Sample size 29
3.5 Sampling procedure 30
3.6 Reliability of the data 30
3.7 Sources of data 30
3.8 Method of analysis 31
3.9 Limitation of methodology     31
References 32

CHAPTER FOUR: DATA ANALYSIS AND INTERPRETATION
4.1 Introduction 33
4.2 Data analysis and interpretation 33
4.2.1 Presentation of data analysis 33
4.3 Restatement and testing of the hypothesis 39
4.4 Limitations and constraints 46
4.5 Discussion of findings 46

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary 48
5.2 Conclusion 49
5.3 Recommendation 50
Bibliography 51
Questionnaire 52

The Internal Control System As An Aid To Detection And Prevention Of Fraud In Banks (A Case Study Of First Bank Of Nigerian Plc)

Share This

Details

Type Project
Department Accounting
Project ID ACC2772
Price ₦3,000 ($9)
No of Pages 59 Pages
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC2772
    Price ₦3,000 ($9)
    No of Pages 59 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT All investigation using samples are aimed at discovering some things about a particular population. The success of any sample lies in the accuracy with which it reflects the true state of affairs in the whole population. It is however known that it is highly impossible that such reflection would be 100% accurate when we draw a random... Continue Reading
    TABLE OF CONTENT Title page i Dedication ii Acknowledgement iii Table of contents iv  List of table v  Proposal vi  CHAPTER ONE  1.0 Introduction  1.1 Background of the study  1.2 Statement of the problem  1.3 Purpose of the study  1.4... Continue Reading
    ABSTRACT This research work concentrates upon Effective Internal Control System as a Means of Fraud Prevention and Detection in Hospital Management. It will also review the usefulness of internal control in the... Continue Reading
    ABSTRACT Fraud in this study is shown as any dishonesty acts intended to deceive and deprive someone of his legitimate possession. This study was aimed at finding out how fraud could be detected and prevented in the Nigerian banking industries. The major findings in this study include the followings: (a) Frauds in banks very often (b) Frauds in... Continue Reading
    CHAPTER ONE INTRODUCTION 1.0       Background of the study A closer look at institutions in our society shows that a lot of businesses are folding up due to fraudulent acts. Both the management and the employees indulge in activities that can bring down an institution, and ignorance of the roles of an internal auditor is also a problem.... Continue Reading
    ABSTRACT The rapid technological development of recent times of the electronic computer have has a wide spread effect on the banking industry and the public in general, electronic computers have outstripped the human being in the speed and efficiency with which they can absolve information, process it and communicate the results. The massive... Continue Reading
    PROPOSAL The purpose of this study is to analyze the effectiveness of the internal control system of the board of internal Revenue Enugu State. It cannot be over emphasized here that an effective internal control system does not only ensure financial accuracy of transactions, but it reduces trade to the barest minimum. A good internal control... Continue Reading
    1.1 INTRODUCTION The Institute of Charter Accountants defines the concept internal control system as “The whole system of control financial and otherwise established by the management in order to carry on the business of the enterprise in an orderly and efficient manner, ensure adherence to management policies, safeguard the assets and secure as... Continue Reading
    INTERNAL CONTROL SYSTEM AND BANK FRAUD PREVENTION IN NIGERIA BANKING INDUSTRY (A CASE STUDY OF SELECTED BANKS IN AUCH Abstract This study mainly focuses on internal control system and bank fraud prevention in Nigeria banking industry. Internal control plays a significant role in the Nigeria banking industry. Internal control are policies,... Continue Reading
    ABSTRACT Fraud has been identified as the major cause of distress and unprogressive nature of most business organisation in the country. Even though, there are intelligent people who work round the clock to fault the system; but there are more intelligent people who build on fraud check devices hence the computer. It is the aim of this study to... Continue Reading