ABSTRACT
The alarming rate at which fraud is being perpetrated in the business world has been a thing of great concern to the accountancy profession and well – meaning individuals in the society. This has given rise to discourses in the academic papers, etc. on circumstances that lead to fraud perpetration and ways of curbing this menance.
A study was conducted to determine the extent of fraud in companies in Port Harcourt and Aba and the control techniques that could be adopted to prevent fraud. It was discovered that fraud is perpetrated by mostly staff in conjunction with people outside the organisation.
In addition, investigation was also conducted on how management could help in eliminating fraud. Based on this, questionnaires were administered to some firms within and outside Port Harcourt. Oral interviews were also conducted as a back up support to the questionnaires.
The result of the questionnaires and the oral interview showed that fraud perpetration results from negligence on the part of management either in placing adequate control on their personnel or the employment of incompetent staff or inadequate staffing. Based on the findings, it is recommended that for fraud to be curbed to its barest minimum, the management should recruit competent, efficient and trustworthy workers.
TABLE OF CONTENTS
Title page - - - - - - - - - i
Dedication - - - - - - - - - ii
Acknowledgements - - - - - - - iii
Abstract - - - - - - - - - iv
Table of contents - - - - - - - - v
CHAPTER ONE
INTRODUCTION
1.1 Background of the study -- - - - 1
1.2 Statement of problem - - - - - 7
1.3 Objectives of the study - - - - 8
1.4 Research questions - - - - - 8
1.5 Significance of the study -- - - - 9
1.6 Scope and limitations of the study - - - 9
1.7 Summary - - - - - - - 10
CHAPTER TWO
REVIEW OF RELEVANT /RELATED LITERATURE
2.1 Definition of marketing - - - 11
2.2 The Marketing Mix - - - 13
2.3 Types of Fraud - - - - - - 17
2.4 Circumstances which encourage fraud - - 23
2.5 Methods management can adopt in prevention
of fraud - - - - - - - 25
2.6 Techniques of prevention of the pay roll fraud - 35
2.7 Computer processing controls - - - 39
2.8 Other miscellaneous frauds - - - - 42
CHAPTER THREE
RESEARCH METHODOLOGY
3.1 Introduction - - - - - - 43
3.2 Sources of data - - - - - - 43
3.3 Determination of sample size - - - 45
3.4 Method of Investigation - - - - 46
3.5 Method of Data analysis - - - - 50
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1 Analysis and Discussion of findings - - 52
4.2 Discussion of Findings (Manual) - - - 74
4.3 Discussion of Finding on Computer section - 80
CHAPTER FIVE
SUMMARY OF FINDINGS, RECOMMENDATION
AND CONCLUSIONS
5.1 Summary - - - - - - - 81
5.2 Conclusion - - - - - - 82
5.3 Recommendation - - - - - 83
References - - - - - - 88
Appendix - - - - - - - 92
Questionnaire - - - - - - 93
