MJAMR

Internal Auditing and Fraud Prevention in Organizations a Case Study of NSSF Kampala Area

Apangu Innocent, Irumba Alex, Dr Ariyo Gracious Kazaara


Abstract

The purpose of the study was on internal Auditing and fraud prevention at NSSF Areas in Kampala. The study was based on the results from 50 respondents who presented accurate data to the researcher out of the sample size of 60 respondents. The study was guided by the objectives which were to assess the relationship between recording and fraud prevention at NSSF Kampala Area to find out the relationship between monitoring and fraud prevention at NSSF Kampala Area, to determine the relationship between book keeping and fraud prevention at NSSF Kampala Area, to examine the relationship between internal auditing and fraud prevention at NSSF Kampala Area. The correlation coefficient (0.778) shows a strong positive relationship between monitoring and fraud prevention. This is statistically significant at 0.05 level of significance since the P-value (0.00) is less than 0.05 and therefore, we reject the null hypothesis and conclude that there is no relationship between monitoring and fraud prevention. Furthermore, a strong audit committee should be established, training of internal auditors should be done, the capacity of the internal auditors should be increased, even if more are recruited from college graduates, The reports of the internal auditors should be sent to the shareholder board and an audit committee, other than the supervising

Keywords

Book keeping internal auditing fraud prevention monitoring and
Metropolitan Journal of Academic Multidisciplinary Research

Cite This Article

Apangu Innocent, Irumba Alex & Dr Ariyo Gracious Kazaara (2023). Internal Auditing and Fraud Prevention in Organizations a Case Study of NSSF Kampala Area. Metropolitan Journal of Academic Multidisciplinary Research, 2(7). https://journals.miu.ac.ug/pages/article.php?article_id=979

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