FRAUD INHIBITION THROUGH INTERNAL CONTROLS AND CHECKS IN CROSS RIVER STATE, NIGERIA
Abstract
This work aims at providing an answer to the question: what should be the appropriate Internal Control measures in order to redress the problem of fraud? The Local Government Area Councils in Cross River State (CRS) are considered and examined with the aid of Simple percentages, using primary data generated from the administered questionnaires. However, the results obtained revealed that The Local Government staff were aware of the meaning of internal control; Internal control measures aimed at checking fraud existed in the LGA Councils of CRS. The staff were aware of the meaning of checks; Checks which is an internal control measure existed in the LGA Council of CRS. The staff were conscious of the meaning of fraud; Fraud which hinders growth and development of a given system existed in the LGA Council of Cross River State. Therefore, we recommended that in order to strengthen the weak monitoring networks and weak sanctions implementation aimed at redressing the problem of fraud, Internal Control measures such as segregation of duties, authorization and processing of disbursement, managing restricted funds, and check signing should be fully enforced as specified in section five.
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