Abstract

With an upsurge in financial

accounting fraud in the current economic scenario experienced, financial

accounting fraud detection has become an emerging topic of great importance for

academic, research and industries. In this age of high technology, fraud investigators

can no longer be satisfied with just auditing or accounting skills, these

investigators should be trained as forensic accountants and this training

should include an extensive knowledge of accounting information. Despite the

independence of auditors, fraud is still in the increase and most organizations

has internal control system that checkmates the operations of  the organization but fraud still exist within

the organization. In order to protect our banking sector, it is crucial to

examine the level of assessment of fraud risk with respect to financial

statement audits.

The study is on

auditing as a tool for fraud risk assessment in commercial banks within Kwara

State.The researcher employed both

primary and secondary data in collection of information, and correlation analysis

for testing of hypothesis, SPSS package was also used for analysis of

questionnaire.

it

is therefore required to note some areas of improvement that, The organization

should put in place policies and procedures that will help in reducing fraud

and also provide Conducive working atmosphere must be ensured for staff

members.

Keywords: Auditor, Fraud, audit

report, risk assessment, objectivity, integrity.