Role of internal audit in the management of fraud in banking industry Department: Accountancy By: AdeleyeJoshua Project ID: 9579 Rating: (5.0) votes: 1Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThis study examines the role of internal audit in the management of fraud in the banking industry using Zenith Bank Plc, Lokoja, as the study area. The objectives of this study are to examine the role of internal audit in the detection of fraud in Zenith Bank Plc, to examine the role of internal audit in the prevention of fraud in Zenith Bank Plc and to determine the significant relationship between internal audit and the management of fraud in Zenith Bank Plc. The researcher adopted a survey design method of data collection, which involves personal interviews. Primary and secondary data were used to collect information. The population of the study is forty (40) staff and the sample size is 36 using Taro Yamane's formula. The findings reveal that a strong system of internal control, where internal auditors are independent and have the required expertise, skills, and a great understanding of general computer data analysis and information security know-how, will bring about proper management of risks that can detect fraudulent financial reporting and manage fraud and bank failures. The researcher recommends that the management of banks must continue to ensure that internal auditors remain independent to ensure that fraudulent financial reporting is easily detected. The internal audit department should be monitored and improved regularly by the bank it operates, giving it more attention than external auditing to effect positive performance in Nigerian banks....Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»The impact of development finance institutions (DFIS) in economic development of Nigeria»Auditing in Nigeria companies, problems and prospects»Effect of misrepresentation of information in a financial statement»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )