MJAMR

A Study on the Impact of Audit Practices on Managing Fraud in Organizations, a Case Study of Top Rank Consults, Kampala

Ssenyonga Zubairi, Zikusooka Enock, Asiimwe Isaac Kazaara


Abstract

The study aimed at the study on the impact of audit practices on 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. The study adopted a descriptive correlational a cross-sectional and case study survey research design. The descriptive correlational design was used to establish whether there is a significant relationship between advertising and the consumer behavior. Quantitative design was used to process data which could be quantified and is numeric in nature. For example, the respondents’ age, income, number of times they had purchased a given product in a given period of time, etc. From the findings, the constant 0.439, shows that keeping all other factors constant, fraud management at Top Rank Consults will on average increase by 0.439. The coefficient 0.875 shows that a unit increase in the internal audit would lead on average to 0.875 decrease in the fraud. The p-value (0.00) <0.05 (is statistically significant at 95% confidence level); this implies that; internal audit has a significant impact on fraud management expressed in form of payroll fraud. The coefficient 0.049 shows that a unit increase in internal audit would lead to an average 0.049 increase in management of asset misappropriation fraud. The researcher therefore recommends that Top Rank Consults should implement an effective internal auditing department to ensure that it never declines in their fraud management.

Keywords

audit practices management fraud and organizations
Metropolitan Journal of Academic Multidisciplinary Research

Cite This Article

Ssenyonga Zubairi, Zikusooka Enock & Asiimwe Isaac Kazaara (2023). A Study on the Impact of Audit Practices on Managing Fraud in Organizations, a Case Study of Top Rank Consults, Kampala. Metropolitan Journal of Academic Multidisciplinary Research, 2(9). https://journals.miu.ac.ug/pages/article.php?article_id=1611

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