ABSTRACT

The study examine the contributions of auditors in fraud detection and prevention in selected financial Institutions. The study covered Access Bank Plc and Eco Bank Plc in Umuahia, Abia State. The specific objectives of the were to determine the impact of the auditors in fraud detection in financial institutions, to determine the impact of the auditors in fraud prevention in financial institutions, to what extent is auditors' qualification and experience have in fraud detection and prevention. The study adopted surety research design and simple random sampling technique. The population of the study comprised of twenty (20) staff of Access Bank Plc in Umuahia and twenty five (25) staff of Eco Bank Plc in Umuahia, Abia State. Primary data was sourced form distribution of questionnaire to staff of Access Bank Plc and Eco Bank Plc in Uinuahia, Abia State. A total of 45 questionnaire were distribution and 40 were proper filled questionnaire returned In effect, 40 of the respondents constituted the sample of properly filled questionnaire which translates into a 9Z 6% rate of returned complete questionnaire while one (1) of the was wrongly filled translating into 2.2%. a tester-test was conducted to ensure validity and reliability of of the data. The data were ,9resented using percentage table and the hypothesis were tested using simple regression model (SPSS.) anci Chi-Square. The findings of the study reveals that Auditors has positive and significance iciest on fraud prevention in Nigeria financial institution; auditors has positive and significance impact on fraud prevention in Nigeria financial institution; qualification and experience of auditors have a positive and significance effect in fraud prevention. and detection in Nigeria financial institutions. It was recommended that government should enact laws/legislations that will grant auditors in the country unit autonomy to discharge their functions effectively this will help in fraud detection in the banking sector. Effective auditor techniques/procedures capable of preventing fraud should b' installed by accountant that adequate measures and control should be put in place. Auditors should increase the scope of their activities on the efficiency of banks internal control system, risk assessment and system audit as this will enhance the detection of fraudulent activities.