The study aimed at audit practices and managing fraud in organizations with a case study of top rank consults, kampala and it was guided by the following objectives; To analyze the effect of internal auditing on fraud management at Top Rank Consult Services Uganda Ltd, to analyze the role of external auditing on fraud management at Top Rank Consult Services Uganda Ltd and to assess the effect of internal control activities on fraud management in Top Rank Consult Services Uganda Ltd. From the findings, the coefficient 0.049 shown that a unit increase in internal audit on average led to 0.049 increase in management of asset misappropriation fraud. The p-value (0.00) <0.05 (was statistically significant at 95% confidence level); this implied that; internal audit had a significant positive relationship with the management of asset misappropriation fraud in an organization. The coefficient 0.252 shown that a unit increase in internal audit led on average 0.252 increases in the management of financial statement fraud in an organization. The p-value (0.00) <0.05 (was statistically significant at 95% confidence level); this implied that; internal audit had a significant positive relationship with efficient management of financial statements fraud in organizations. The study recommends that organizations should ensure they have enough controls and procedures to facilitate their smooth operations.