Frauds and financial malpractice as a leading factors in Business failure provides means of appraising company’s performance and diagnosing, its ills and weakness.

The research conducted a critical study on this topic with the intention of finding out the extent to which the company – EMENITE LIMITED ENUGU has carried out efficiently appraisals and high lighting deficiencies which are usually believed as not existing and whether the company EMENITE LIMITED ENUGU is as efficient as it should be.

The researcher also carried out a study to find out the cause of low company performance and how to eradicate the abnormality by applying efficiency in auditing process.

The research work is broken into five chapters. The first chapter gives the general introduction and discussion, the background of the study, statement of problem, significant, limitation and scope of the study.

Chapter two deals with the views of some authorities on the topic or related topics.

Chapter three deals with research design and methodology, area, population, sampling of study.

Chapter four deals with data analysis and testing.

Chapter five deals with finding, implications and conclusion.

The analysis tools that were approved in testing the stated hypothesis were the chi-square (x2)

Title pageII

CertificationIII

DedicationIV

AcknowledgmentV

Table of Contents X

AbstractVII

CHAPTER ONE

1.0Introduction 1

1.1Background of the Study1

1.2Statement of Problem 2

1.3Objective of Study2

1.4Research Question3

1.5Research Hypothesis 8

1.6Significance of the Study9

1.7Scope and Limitation of the Study10

1.8Background of the firm Studied 11

1.9Definition of Terms 

13

CHAPTER TWO

2.0Review of Related Literature 16

2.1What is Fraud in Business17

2.2Nature and Types of Frauds 18

2.3Sources, Forms and Causes of Fraud in Business 19

2.4The Effects/Consequences of Fraud21

2.5The Legal Frame Work and Fraudulent Practices 23

2.6Approaches to the prevention or Minimization –

of Frauds 

26

CHAPTER THREE

3.0Research Methodology35

3.1Research Design35

3.2Area of the Study36

3.3Population of the Study36

3.4Sampling Procedures 37

3.5Instruments for Data Collection38

3.6Validity of the Instrument38

3.7Reliability of the Instrument38

3.8Methods of Administration of the Instrument39

3.9Methods of Data Analysis 39

CHAPTER FOUR

4.0Data Presentation42

4.1Testing of Hypothesis 53

CHAPTER FIVE

5.0Discussion, Implication and Recommendation58

5.1Discussion of Result58

5.2Implication of the Result59

5.3Recommendation62

5.4Conclusion 62

Bibliography 63