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