Role Of Statutory Auditors In Fraud Control And Investigation In Government Owned Establishment (A Study Of Federal Pay Office, Umuahia)

ABSTRACT

The study investigated the role of statutory auditors in fraud control and investigation in government owned establishment and therefore hypothesized that statutory auditor's role has no significant effect on minimization of errors in government establishment in Nigeria. The study adopted primary data through the administration of structured questionnaire and used the ordinary least squares based simple regression to estimate the relationship of the variables with a population of 25 and sample size of 23. It was found that the role of statutory auditor has significant effect on minimization of error at 3.5% level of significance and therefore concludes that role of statutory auditor has significant effect in fraud control and investigation in Government owned establishment. The study therefore recommends that Federal pay office in Umuahia should always acknowledge statutory auditors in fraud control and investigation and management should provide training and staff development programmes for effective internal control.