This study is aimed at finding and expressing the Roles, the External Auditors play in banks, in Fraud Detection.

 There has been significant attempt by the researcher to examine whether the various roles as should be carried out by audited the being introduced in banks and adopted as required by the guiding legislative.  The result of this study would aid educate readers and like wise bank on the roles the external auditors play in banks. 

 To accomplish the aim of this project work, the researcher has reviewed and reported some related literature sources such information were duly acknowledged in the appropriate reference sections.

 About three hypothesis were formulated which were thereafter tested in other to establish theories of the end o the research study chi-square distribution were adopted for this test.  The some of data comes from both primary and secondary modes of data collection.  The secondary data forms the certain sages on which this project was based.

 Based on the data collected and analysis some findings made which was proceeded by conclusion and some recommendation.  Suggestions were also made for further studies, summarily form the questionnaires administrated and data collected which were analyzed and interpreted, it has been generally concluded that role of auditors in banking operations have really contributed to the fairness and trueness of the financial reports and statements of banks and also check fraud in banks.

TITLE PAGE

APPROVAL PAGE

DEDICATION

ACKNOWLEDGEMENT

ABSTRACT

TABLE OF CONTENTS

CHAPTER ONE:

INTRODUCTION

1.1 PURPOSE OF THE STUDY

1.2 SIGNIFICANCE OF STUDY 

1.3 STATEMENT OF THE PROBLEM

1.4 HYPOTHESIS FORMULATION

1.5 OBJECTIVE OF THE STUDY

1.3 SCOPE AND LIMITAITON 

1.6 DEFINITION OF TERMS

CHAPTER TWO

2.0 REVIEW OF RELATED LITERATURE

2.1 DEFINITION OF FRAUD

2.2 TYPES OF FRAUD

2.3 AUDITORS, HIS RIGHT, DUTIES AND STATUS

2.4 ROLES OF AN AUDITORS AND MANAGEMENT RESPONSIBILITY

2.5 THE AUDITOR AND FRAUD DETECTION

CHAPTER THREE

3.1 SUMMARY OF FINDINGS, CONCLUSION AND RECOMENDATION

3.2 FINDINGS

3.3 CONSLUSION

3.4 RECOMMENDATIONS

3.5 SUGGESTION

REFERENCE

An audit is the independent examination of, and expression of

opinion on the financial statements of enterprises by an auditor.  In pursuance of this objective, he may disclose defalcations and irregularities, which are capable of impairing the truth and fairness of the financial statement.

 In recent years there has been considerable debate over the extent of the statutory auditors responsibility for the detection of fraud.  This has been stimulated by the continued uncertainty over the extent of the auditors liability to third parties for negligent audit work.  It is obvious that failure to detect a major fraud may lead to a loss for the client or some third party to whom a duty of care is owned.  The important question is low far do the auditor’s responsibilities.

 The auditing profession had always hold tight to the opinion that the primary responsibility for both prevention detection of fraud and other irregularities rest with management.  The auditor’s duties do not require him specially to search for fraud unless required by stature or the specific term of his engagement.  In accordance with normal practice, audit will be planned primary to enable us to express our professional opinion, and auditor merely obliged to plan his work and design his procedures so that he has a reasonable chance of detecting those, illegalness which might impair the truth and fairness of the financial statement.