Effect Of Auditing and Prevention Of Fraud In an Organization (A Case Study Of Coca-Cola Bottling Company, Ilorin.)

Abstract

Background of the study the word auditing comes from a Latin Word ‘’AUDIRE’’ ‘’TO HEAR’’, This is so because in those days the account of nobleman was checked by being read out to him by his steward. The steward has the responsibility of looking after the affairs at the estate during the absence of the noblemen. However, today auditing involves the checking at the account of an enterprise by a suitably qualified auditor in order to enables the auditor to form an opinion in the truth and fairness. Fraud it is an act of criminal deception formed by many people in an establishment or within two people. These examples range from the public office holders who wish to embezzle public fund, a passenger who board a bus and refuses to pay and a contractor who criminally inflate the cost of executing the contract work.