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dc.contributor.authorRwenhamo, Tariro
dc.date.accessioned2017-01-17T10:16:45Z
dc.date.available2017-01-17T10:16:45Z
dc.date.issued2016-11
dc.identifier.urihttp://hdl.handle.net/123456789/4616
dc.description.abstractFraud has since become a pervasive phenomenon in the financial services sector. This research is a result of the pressing need to explore and understand the role of the audit function in detection and prevention of fraud. The increase in public interest in fraud scandals that continue to occur and absence of one’s willingness to take responsibility over such control failures, prompted the researcher into undertaking such a research. The study was aimed at evaluating the effectiveness of internal audit function in combating fraud. The study was a survey of Ecobank Zimbabwe and a descriptive survey design was used. The total population of the study was 55 employees.Questionnaires were used for the senior management, internal auditors and control function members. An interview guide was also used for the senior managers and other five internal auditors. Random stratified sampling techniques were used to arrive at a sample of 30, 10 from each homogeneous sub-group: internal auditors, management and control function from the whole population. The study drew all of the participants from Ecobank Zimbabwe branches in Harare and Chitungwiza. Data collected was analyzed using tables, graphs and pie charts. Findings revealed that the organization is more likely to detect and prevent fraud if it utilizes the internal audit function than completely outsourcing the function. The research reviewed that internal audit function is indeed effective in fraud detection and prevention if afforded chances to discharge its duties without interference from management. The study showed positive relationship between having an internal audit function and the rate of fraud detection. The research concluded that internal audit plays a critical role in fraud issues without which organizations can never effectively prevent and detect fraud. Recommendations were that auditors should consider professional balance in involvement and responsibility for fraud detection and prevention and management should consider having a resident internal audit function in order to maximize on the benefits that arise from having it.en_US
dc.language.isoenen_US
dc.publisherBUSEen_US
dc.subjectAuditingen_US
dc.subjectFraud managementen_US
dc.subjectFraud detectionen_US
dc.titleEvaluating auditng as a tool to detect and prevent fraud: a survey of Ecobank Zimbabwe 2012-2015en_US
dc.typeThesisen_US


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