Departments Accounting FRAUD: DETECTION AND PREVENTION IN THE PUBLIC AND PRIVATE SECTOR IN NIGERIA

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FRAUD: DETECTION AND PREVENTION IN THE PUBLIC AND PRIVATE SECTOR IN NIGERIA
FRAUD: DETECTION AND PREVENTION IN THE PUBLIC AND PRIVATE SECTOR IN NIGERIA

TABLE OF CONTENTS

Declaration.. iii

Certification.. iv

Dedication.. v

Acknowledgmentvi

Table of Contents. viii

CHAPTER ONE.. 1

1.0 Introduction.. 1

1.1 Scope and Limitation of Study. 2

1.2 Purpose of the Study. 2

1.3 Significance of the Study. 3

1.4 Hypothesis. 3

1.5 Plan of the Study. 4

1.6 Definition of Terms. 4

CHAPTER TWO.. 7

2.0 Literature Review.. 7

2.1 Meaning of Fraud. 7

2.2 Types of Fraud. 9

2.3 Causes and Extent of Fraud in Private and Public Sector15

2.4 Effect of Fraud. 19

2.5 Prevention and Detection of Fraud. 19

2.6 Audit Procedures as Recommended to check the Alarming Rate of Fraudulent Activities 31

CHAPTER THREE.. 36

3.0 Research Methodology. 36

3.1 Sources of Data. 36

3.2 Data Collection Methods. 37

3.2.1 Primary Data. 37

3.2.2 Secondary Data. 37

3.3 Sampling Method Adopted. 38

CHAPTER FOUR.. 40

4.0 Presentation and Analysis of Data. 40

4.1 Introduction.. 40

4.2 Administration of Questionnaire. 40

CHAPTER FIVE.. 54

5.0 Summary Conclusion and Recommendation.. 54

5.1 Summary. 54

5.2 Summary of Findings. 54

5.3 Conclusion.. 55

5.4 Recommendation.. 55

Bibliography. 58

Appendix. 59

CHAPTER ONE

1.0 Introduction

Both public and private sector in Nigeria have relied extensively and entirely on profits for their survival and in return to maximise shareholders wealth. The accomplishment of these objectives depends on factors like; the introduction of modern technology, dedicated and efficient management, highly skilled and experienced manpower, adequate knowledge and understanding of the economic system as well as the ability to effectively compete with the other competitors. However, the objectives have not been fully achieved.

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