The Role and Strategiers of an Auditor in Fraud Prevention and Detection and Detection in Banking Industries in Nigeria (A Case Study of First Bank of Nigeria Plc, Nigeria)

TABLE OF CONTENTS

Title Page

Dedication

Acknowledgement

Table of Content

Abstract

CHAPTER ONE:

1.1          Background of the study

1.2          Statement of the Study

1.3          Objective of the Study

1.4          Scope of the Study

1.5          Significant of the Study

1.6          Limitation of the Study

1.7          Research Methodology

1.8          Plan of the Study

CHAPTER TWO:

2.1          Literature Review

2.2          Nature and Types of Fraud

2.3          Causes of Frauds

2.4          Effect of Fraud

2.5          Frauds Control policy and fraud control framework

2.6          Frauds Prevention Strategies

2.7    The Strategic Method of Fraud Detection

CHAPTER THREE:

3.0          Research Methodology

3.1          Introduction

3.2          Population under Study

3.3          Sample and Sampling

3.4          Sources of Data

3.5          Methods of Data Collection

3.6          Methods of Data Analysis

3.7          Research Limitation

CHAPTER FOUR

4.1          Introduction

4.2          Presentation and Analysis of Data

4.3          Data Analysis based on past Journal of Fraud Case in Bank

4.4          Presentation of Responses on the Oral Interview Conduct

CHAPTER FIVE

5.1          Summary

5.2          Conclusion

5.3          Recommendation

5.4          Bibliography

CHAPTER ONE

1.0          INTRODUCTION

Fraud detection is becoming increasingly important to managers of organizations, to internal and external auditors, and to regulators. Recent events, such as revelations of fraud-related problems at HEALTHSOUTH, Enron, and WorldCom, and the Sarbanes-Oxley Act stress the importance of early detection of fraud.  Financial statement frauds have weakened investor confidence in corporate financial statements, led to a decrease in market capitalization, and have contributed to four of the 10 largest bankruptcies in history. 

Case of Fraud, Several years ago, a senior vice president of a bank embezzled nearly $14 million over a 16-year period[1].  When the fraud was discovered through a customer complaint, the bank sued its external auditors for negligence in not detecting the fraud.  The fraud had been committed by manipulating, looting and abusing customer accounts and maintaining several slush accounts with sufficient funds to handle problems when customers complained.