The focus of this research work is on the Internal Control as an effective tool for checking of fraud in the banking industry. The increased occurrence of fraud in the banking industry in Nigeria brings to question the effectiveness of the internal control for checking of fraud in the banking industry in Nigeria. This study therefore, reviewed the degree of compliance of bank staff with internal control measures, examined relevant details or loopholes (if any) in the system and also examined the appropriateness of the presently adopted measure in preventing fraud. A survey of Wema Bank Nigeria Limited in Enugu were conducted to facilitate the study. the questionnaire returned were subjected to simple statistical treatment using the percentage formulae. Empirical generalization was made of all the other commercial banks based on the result obtained from the Wema Bank Nigeria visited. Findings from the study show that the banking industry in Nigeria adopts various measures to detect and prevent fraud. These measures include: proper control over the custody of the banks result by at least two bank officials so that a transaction is not started and completed by one person, effective periodic check by inspectorate department; periodic rotation of bank staff; regular classification of formant account; limit to amount of loans and overdraft granted and proper authorization of such; effective periodic check by inspectorate department. We also examine the possible problems faced by the banks in implementing fully these problems faced by the banks in implementing fully these control measures. The result of dishonestly of some bank staff; shortage of the time due to large volume of work and personal problems. Finally, we recommend that the staff strength of the banking industry should be increased especially professional in the field of banking and more sophisticated equipments should be adequately provided in the banks; provision of adequate supervision and assistance should be given to the bank staff in solving some of their personal problems.
Title page
Approval page
Certification
Dedication
Acknowledgement
Table of content
Abstract
Chapter 1:
INTRODUCTION
Background of the study
Statement of the problem
Objectives of the study
Significance of the study
Scope of the study
Research questions
Definition of Terms
Chapter 2:
LITERATURE REVIEW
Definition of terms
Concept of Fraud
Effective Internal Control
Causes of Fraud in Banks
Types of Fraud in Banks
The Concept and Definition of Internal Control System
Types of Control
Internal Control as an Effective Tool for Checking
Fraud in Banking Industry
Internet Control Measure for Controlling Bank Fraud
Problems Facing Internet Control
Prospect of the Effective Internet Control
Chapter 3:
RESEARCH METHOD
Introduction on methods and sources of data
Research population
Sample Size Determination
Instrument used for data collection
Validity and reliability of Instrument
Data analysis techniques
Chapter 4:
PRESENTATION AND ANALYSIS OF DATA
Presentation of Data
Chapter 5:
DISCUSSION OF FINDINGS, CONCLUSION
AND RECOMMENDATIONS
Summary of Findings
Conclusion
Limitation of the study
Recommendations
Limitations of the study
Reference
Appendix I
Appendix II
Internal Control As An Effective Tool For Checking Fraud In Banking Industry. (n.d.). UniTopics. https://www.unitopics.com/project/material/internal-control-as-an-effective-tool-for-checking-fraud-in-banking-industry/
“Internal Control As An Effective Tool For Checking Fraud In Banking Industry.” UniTopics, https://www.unitopics.com/project/material/internal-control-as-an-effective-tool-for-checking-fraud-in-banking-industry/. Accessed 19 September 2024.
“Internal Control As An Effective Tool For Checking Fraud In Banking Industry.” UniTopics, Accessed September 19, 2024. https://www.unitopics.com/project/material/internal-control-as-an-effective-tool-for-checking-fraud-in-banking-industry/
Here’s a typical structure for Internal Control As An Effective Tool For Checking Fraud In Banking Industry research projects:
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- The abstract of Internal Control As An Effective Tool For Checking Fraud In Banking Industry should be a summary of around 150-250 words and should highlight the main objectives, methods, results, and conclusions.
- The introduction of Internal Control As An Effective Tool For Checking Fraud In Banking Industry should provide the background information, outline the research problem, and state the objectives and significance of the study.
- Review existing research related to Internal Control As An Effective Tool For Checking Fraud In Banking Industry, identifying gaps the study aims to fill.
- The methodology section of Internal Control As An Effective Tool For Checking Fraud In Banking Industry should describe the research design, data collection methods, and analytical techniques used.
- Present the findings of the Internal Control As An Effective Tool For Checking Fraud In Banking Industry research study using tables, charts, and graphs to illustrate key points.
- Interpret Internal Control As An Effective Tool For Checking Fraud In Banking Industry results, discussing their implications, limitations, and potential areas for future research.
- Summarize the main findings of the Internal Control As An Effective Tool For Checking Fraud In Banking Industry study and restate its significance.
- List all the sources you cited in Internal Control As An Effective Tool For Checking Fraud In Banking Industry project, following a specific citation style (e.g., APA, MLA, Chicago).