Nebraska-Lincoln 11-2-2010 THE ROLE OF AUDITORS IN FRAUD DETECTION, PREVENTION AND REPORTING IN NIGERIA Ayobami Oluwagbemiga Oyinlola Mr Tai Solarin University of education,Ijagun, Ijebu-Ode, oluwagbemiga@in.com Follow this and additional works at: http://digitalcommons.unl.edu/libphilprac Part of the Library and Information Science Commons Oyinlola, Ayobami Oluwagbemiga Mr, "THE ROLE OF AUDITORS IN FRAUD DETECTION, PREVENTION AND REPORTING IN NIGERIA" (2010). Library Philosophy and
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Issues………………………………………………………………………………………………2 The Discovery of Fraud……………………………………………………………………..…..3-4 Corporate Governance of FCB……………………………………………………………………5 Auditor Dilemma……………………………………………………………………….……….5-7 Using the Fraud Triangle Model to analyze the situation in Flat Cargo Berhad……………..…8-9 Who is responsible in the fraud of Flat Cargo Berhad ……………………………………..…10-11 Prevention Measures for Fraud ……………………………………………………………….12-13 Detection Measures for Fraud…………………………………………………………...……14-15 Recommendation……………………………………………………………………
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578 Assignment Data Analysis and Fraud Investigation For more course tutorials visit www.tutorialrank.com "Data Analysis and Fraud Investigation" Please respond to the following: Imagine that you have been hired as a fraud examiner to review the risk of fraud at a major retailer. Analyze the data analysis tools available to you and propose a plan for which tools you will use. Provide a rationale for your plan. Your company’s management suspects that fraud has been committed. You have been
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minimizing the corporate fraud and protecting investors and suggestion for improvement After the scandals, the public was demanding accountability from those who run corporations. It turned out that investors and stakeholders are vulnerable to corporate fraud and highly exposed to the risks of investment losses. Therefore, the Sarbanes-Oxley Act designed to protect the interests of the investing public and reduce their exposure to investment losses as a result of managerial fraud. Act introduced significant
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While one may expect that companies and their employees will always seek to do the right thing they should consider the fact that corporate fraud is something that has always and will always exist. However, the level and complexity of fraud has grown and reached a critical level prior to the passage of the Sarbanes Oxley Act in 2002 as a result of several financial accounting scandals that had taken place. Companies and their directors had instituted practices that did not encourage employees to
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Procedures………………………………………………………………………………………………………………………..10 Limitations…………………………………………………………………………………………………………………………11 Presentation of Findings…………………………………………………………………………………………………………………15 Analysis of Findings………………………………………………………………………………………………………………..………17 Recommendations………………………………………………………………………………………………………………………...18 Conclusion……………………………………………………………………………………………………………………………………..19 References……………………………………………………………………………………………………………………………………..20 Appendices…………………………………………………………………………………………………………………………….………21
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battery life time frame. Therefore, to avoid this, a commercial back-up diesel generator would be ideal. A recommendation would be to install the generator inside the external plant room, which offers protection and has plenty of air circulation coming through the locked ventilated metal doors. Ensure a maintenance schedules is also set up and strictly followed and signed off by senior management to reduce the risk of generator issues. A testing procedure and policy should also be included to ensure
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corporate-wide exposure to financial statement fraud. These developments have resulted in comprehensive legislation and Securities and Exchange Commission (SEC) rulemaking concerning corporate governance and internal controls. Among the regulations is the Sarbanes-Oxley Act of 2002 which mandates that company management must file an annual report of the adequacy of internal controls related to its financial reporting. Controls related to the prevention and detection of fraud are an integral part of a company’s
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There is no way around protecting from all known risks from outsourcing but there are certain items that can help slow down the issue. There are going to be times when recommendations will not be accepted or appealingly to certain situations. We will go on and explain different risks that may or may not occur and some recommendations for different risk mitigation strategies. External service provider for data storage There are different types of people that want an easier way to store
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GOVERNANCE AND PREVENTION OF FRAUD AND CORRUPTION IN THE WORKPLACE This paper will discuss the relationship between corporate governance and prevention of Fraud. One can safely argue that corporate governance is a medicine to cure corporate fraud in an organisation. The systems, procedures and policies set by the organisation to curb anomalies such as fraud and corruption largely entail corporate governance. To make this task easier, this paper shall define in detail the meaning of corporate fraud and later
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