Effect of Fraud Control Mechanism on Inventory, Fund and other Related Assets of Corporate Organizations in Nigeria
Nwadighoha, Chinedum Ephraim
Department of Accounting
Michael Okpara University of Agriculture
Umudike Abia State, Nigeria
Email:chinedumnwadighoha@yahoo.com
ABSTRACT
This study is aimed at the effect of fraud control mechanisms on the inventory, fund and other related assets of the company. Fraud is said to be rare in Botswana, widespread in Ghana and systemic in Nigeria. Hope and Chikuloas cite in (Osisioma, 2012). To achieve the purpose of this study, hypotheses were formulated and research question were raised and tested. A dummy of proxies were provided for the testing of hypotheses with multiple regression analysis with the aid e-view Watson Durbin F. Statistic which is a computer based model. Our findings revealed that, there is a direct and strong relationship between fraud control mechanisms on inventory, fund and other related assets of the companies under study. The following recommendations were made, there should be a strong and workable internal control measures to prevent any kind of fraud, more attention should be given to the areas where fraud indices are prevalent and preventive and proactive measures should be adopted, since prevention is better than cure.
Keywords: Fraud, Control Mechanisms, Assets, Prevention, Detection and investigation.
