TABLE OF CONTENTS
Title Page i
Approval Page ii
Dedication iii
Acknowledgment iv
Table of Contents vi
CHAPTER ONE
1.0 Introduction 1
1.1 Background of the study 2
1.2 Statement of the study 2
1.3 Aims and objective of the study 3
1.4 Significance of the study 4
1.5 The Scope and Limitation of the study 5
1.6 Definition of Terms 6
1.7 Organization and plan of the study 7
1.8 Plan of the study 8
CHAPTER TWO
2.0 Literature Review 9
2.1 Internal control and its Relevance 9
2.2 Internal Checks 14
2.3 Internal Audit 16
2.4 Forms of Fraud and Its cause 18
2.5 Effects of Fraud on an organization 20
2.6 Factors That May Encourage Frauds 21
2.7 Basic Control and Prevention of Frauds 22
CHAPTER THREE
3.0 Case study and Research Methodology 26
3.1 The History of the case study 27
3.2 Data Analysis And Techniques 28
3.3 Sources of Data Analysis 28
CHAPTER FOUR
4.0 Data Presentation And Analysis 30
4.1 Data presentation 31
4.2 Data Analysis 31
4.3 Data Summary 47
CHAPTER FIVE
5.0 Summary 50
5.1 Conclusion 52
5.2 Recommendations 52
References
CHAPTER ONE
1.0 INTRODUCTION
It is the primary responsibility of the management of business organizations to prevent and detect errors, irregularities and frauds. The responsibility arises because directors and other managers owe a contractual duty of care and must act in a stewardship capacity with regards to the property entrusted to them by the shareholders or other owners. They exercise this duty of care is a matter for them, be generally they discharge their duties by maintaining an effective internal control system. In fact, internal control system means "the whole system control financial and otherwise established by the management in order to carry in the business of a company in an orderly manner, safeguard its asset and secure as far as possible the accuracy and reliability of its record". In other words, it is a complex series of continuous and inter-related activities design by the management to direct and monitor the affairs of the organization.
TAIWO, S (2022). Effective Internal Control System as a Means of Detecting And Minimizing Fraud in a Manufacturing Company (A Case Study Of Nigeria Bottling Company, Ilorin Plant, Kwara State). Afribary. Retrieved from https://tracking.afribary.com/works/effective-internal-control-system-as-a-means-of-detecting-and-minimizing-fraud-in-a-manufacturing-company-a-case-study-of-nigeria-bottling-company-ilorin-plant-kwara-state
TAIWO, SULEIMAN "Effective Internal Control System as a Means of Detecting And Minimizing Fraud in a Manufacturing Company (A Case Study Of Nigeria Bottling Company, Ilorin Plant, Kwara State)" Afribary. Afribary, 07 Jan. 2022, https://tracking.afribary.com/works/effective-internal-control-system-as-a-means-of-detecting-and-minimizing-fraud-in-a-manufacturing-company-a-case-study-of-nigeria-bottling-company-ilorin-plant-kwara-state. Accessed 09 Nov. 2024.
TAIWO, SULEIMAN . "Effective Internal Control System as a Means of Detecting And Minimizing Fraud in a Manufacturing Company (A Case Study Of Nigeria Bottling Company, Ilorin Plant, Kwara State)". Afribary, Afribary, 07 Jan. 2022. Web. 09 Nov. 2024. < https://tracking.afribary.com/works/effective-internal-control-system-as-a-means-of-detecting-and-minimizing-fraud-in-a-manufacturing-company-a-case-study-of-nigeria-bottling-company-ilorin-plant-kwara-state >.
TAIWO, SULEIMAN . "Effective Internal Control System as a Means of Detecting And Minimizing Fraud in a Manufacturing Company (A Case Study Of Nigeria Bottling Company, Ilorin Plant, Kwara State)" Afribary (2022). Accessed November 09, 2024. https://tracking.afribary.com/works/effective-internal-control-system-as-a-means-of-detecting-and-minimizing-fraud-in-a-manufacturing-company-a-case-study-of-nigeria-bottling-company-ilorin-plant-kwara-state