INTERNAL AUDIT CONTROL: A TOOL TO SAFEGUARD FRAUDS AND MISAPPROPRIATIONS. A CASE STUDY OF: INSTITUTE OF HEALTH, AHMADU BELLO UNIVERSITY, ZARIA.

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Date
1998-06
Authors
DANASABE, ABDULLAH OTHMAN
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Abstract
ABSTRACT This project title "Internal Audit: A tool to safeguard frauds and misappropriation" was aimed at identifying the effectiveness of Internal Audit Control in safeguarding frauds and misappropriation in Institute of Health, A.B.U., Zaria, their frequency, causes and preventive measure. The analysis of primary and secondary data led to the conclusion that Internal Audit Control in all areas of financial operations minimise frauds and misappropriation. The finding of this study reveal that majority of the fraudster are Account Staff mostly Revenue Collectors, Cashiers and Clerks. Effective Internal Audit Control, complying with internal control measures and rotation of jobs/staff were ranked as the most efficient internal control mechanism in safeguarding frauds and misappropriation. The finding of this research work provide basis for our recommendation which include: periodical inspection by the Internal Auditor should be carried out. Regular rotation of staff should be undertaken in the unit. Finally, the research further suggested the need for compiling statistics of losses/wastage incurred through frauds and misappropriations.
Description
DEPARTMENT OF BUSINESS ADMINISTRATION, FACULTY OF ADMINISTRATION, AHMADU BELLO UNIVERSITY, ZARIA, NIGERIA.
Keywords
INTERNAL,, AUDIT,, CONTROL,, TOOL,, SAFEGUARD,, FRAUDS,, MISAPPROPRIATIONS,, CASE,, STUDY,, INSTITUTE,, HEALTH,, AHMADU BELLO UNIVERSITY, ZARIA
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