Management Of Fraud And Wastage In Business Organization: Implication For Internal Auditors

Management Of Fraud And Wastage In Business Organization: Implication For Internal Auditors

Abstract

This study is on operation of fraud and extinctions in business associations counteraccusations for internal adjudicator. numerous objects were set among which are to identify the nature, types and major causes of fraud and extinctions in business associations. To find out the factors that motivates workers to indulge in fraud and extinctions in business associations. To identify the goods of fraud and extinctions in business associations. To proffer result on how to minimize fraud and destruction in business associations using internal control measures and other account measures set away for the discovery of fraud and extinctions. suppositions were also tested to determine if or not the suppositions might be necessary in fraud and extinctions circumstances in business associations. In arriving at the data used, both primary and secondary data were used. The primary data includes questionnaires distributed to tried staffs and operation of May and Baker Plc and Drugfield Specialty Product Plc. The secondary data includes accoutrements form published handbooks, internet, papers and journals. These were tested using Chi square( x2) distribution. Data were anatomized and some of the findings include shy control measures took the most significant causes of fraud and extinctions followed by deliberate intent and operation ignorance. Eventually, I recommended that proper internal control measure should be put in place, and other measures that will help to grease it like examination, review and observation. responsibility, capability and integrity of workers and their understanding of specified programs and procedures.