MJAMR

Internal Auditing Practices and Fraud Management in Organizations in Uganda, a Case Study of Stanbic Bank, Nansana Branch

Kwaga Dinnah, Irumba Alex


Abstract

The study aimed at internal auditing practices and fraud management in organizations in uganda with a case study of Stanbic bank, nansana branch and it was guided by the following objectives; To examine the effect of control environment on fraud prevention in an organization, a case study of Stanbic Bank, Nansana branch, Wakiso District, to assess the effect of communication and information on fraud prevention in an organization, a case study of Stanbic Bank, Nansana branch, Wakiso District, to evaluate the effect of internal control activities on fraud prevention in an organization, a case study of Stanbic Bank, Nansana branch, Wakiso District and to analyze the relationship between internal auditing practices and fraud management in an organization, a case study of Stanbic Bank, Nansana branch, Wakiso District. This study used a research design called descriptive survey. Descriptive survey research designs were employed in exploratory and preliminary studies to permit the study to collect information, summarize, present and construe for the principal reason of clarification. From the findings, the constant 0.439, shown that keeping all other factors constant, fraud prevention of Stanbic Bank on average increased by 0.439. The coefficient 0.875 shown that a unit increase in the control environment would lead on average to 0.875 increases in the fraud prevention of an organization. The p-value (0.00) <0.05 (was statistically significant at 95% confidence level); this implied that; control environment had a significant impact on organizational fraud prevention expressed in form of customer authentication. The coefficient 0.049 shown that a unit increase in control environment on average led to 0.049 increase in sales volume. The researcher therefore recommends that Stanbic Bank should implement an effective internal auditing department to ensure that it never declines in their organizational fraud prevention.

Keywords

internal auditing practices fraud management and organizations
Metropolitan Journal of Academic Multidisciplinary Research

Cite This Article

Kwaga Dinnah & Irumba Alex (2023). Internal Auditing Practices and Fraud Management in Organizations in Uganda, a Case Study of Stanbic Bank, Nansana Branch. Metropolitan Journal of Academic Multidisciplinary Research, 2(10). https://journals.miu.ac.ug/pages/article.php?article_id=1053

More in This Issue

View full issue →
31
Internal Audit Practices and Financial Management in Organizations, a Case Study of Lumala Hardware Limited Wakiso District.
Navvubya Daphine, Irumba Alex
internal audit practices financial management and organizations
32
Internal Audit Practices and Financial Performance in Public Entities. A Case Study of Masindi District Local Government.
Kiiza Dorcus, Dr Arinaitwe Julius, Omendo Vincent
internal audit practices financial performance and public entities
33
Internal Control Audit Practices and Financial Performance in Organisations. Acase Study of Livercot Impex Ltd, Bweyogerere, Kampala
Nyakato Moureen, Dr Arinaitwe Julius
internal control audit practices financial performance and organisations
34
Internal Control System and Organisational Perfomance, Acase Study of Post Bank Kakiri Branch.
Natumanya Brian, Zikusooka Enock
internal control system and organisational performance
35
Job Rotation and Workers’ Productivity in the Public Sector, a Case Study of Kween District Local Government
Kipto Simon Kirwa, Namuyonga Rebecca
job rotation workers productivity and public sector