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AN ASSESSMENT OF FRAUD PREVENTION AND CONTROL IN THE INDUSTRIAL TRAINING FUND BAUCHI

Dept: ACCOUNTING File: Word(doc) Chapters: 1-5 Views: 2

Abstract

This research evaluate the assessment of fraud prevention and control in the industrial training fund in Bauchi State. The study adopts survey method and data for the research was collected with the use of questionnaire administered to fifty (50) respondents. The simple percentage method was used for data analysis and the formulated hypothesis was tested with chi-square (X2). The findings revealed that there is significant relationship between financial incentives and employees motivation towards the prevention and control of fraud in an organisation. The study recommends that to minimize losses against fraud, management must be built in a safeguard in all aspects of the organisation’s operations. These safeguard must be subject to regular review, effectively assessed and compliance ensured. Finally, external vigilance should be the watch – word of fraudulent practices are to be curtailed.
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