EVALUATING THE ROLE OF INTERNAL AUDITING ON FRAUD PREVENTION IN THE NIGERIA PUBLIC INSTITUTIONS: A CONCEPTUAL PERSPERTIVE
Abang, Stanley E and Tomola O, Emaleku
Volume 7 Issue 1
Abstract
This paper conceptually reviews the role of internal auditors in preventing fraud in the Nigeria public institutions. The paper relies mostly on secondary source of information, where scholarly papers, journal articles on the subject matter were reviewed in line with the aims and objective of the study. The reviewed articles reveal that auditors play an immeasurable role in the prevention of fraud and other financial crime in Nigeria public institutions. Internal auditing has been the traditional method of checking discrepancies in the accounting books of any organization mostly government owned institutions with the view of curbing fraud and financial crime but fraud and other financial crime has assume a geometric proportion as observed in many of the reviewed articles . Base on the findings, it was recommended that public institutions should engage in outsourcing of auditing services to stem the rising cases of fraud and financial crime in the public service as the traditional internal auditing has fail to curb fraud over the years.
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