ABSTRACT

This    study was   intended    to   find  out   the  roles   of  auditors    in checking  financial  irregularities   in  a financial  system.  The  literature review  describes  how  irregularities   occur   and  the  role  of auditors  in checking  such   occurrence.  The  arrangement of the  topics  discussedin  reviewing the   literature   was   designed to  support    the  hypothesis from   the   basis   of  this  study.   The  research   was   very  systematic;descriptive and   analytical approaches   were   adopted   in U1.e  rc sc arch design     and     data    collection    to    ensure    that     the     information represented     therein     is  objective and.   factual.   In   determining   the sample  size, the    popular   Yaro  Yamani  formula  was    used.    The analysis  and  tests    as   well   as   the  information gathered   through interviews  yielded   several   findings.  However,   all the findings submit to  one   basic fact, which  forms   that  conclusion   of  the   researcherthat    the  auditors'   role  in   checking financial  irregularities   in  a financial system reduces  the  rate of fraud .

TABLE OF CON'J·ENT

Title  page                                                                                                       1

Declaration

Certification                                                                                       ill

Dedication                                                                                         lV

Acknowledgment v

Abstract                                                                                                       Vl

Table  of content                                                                               Vil

 CHAPTERONE

INTRODUCTION.

Background   of Study                                                                  1

1.2  Statement  of Problems                                                               3

1.3 Objectives  of the  Study                                                                      4

1.4 Research Question                                                              5

1.5  Statement  of Hypothesis                                                       6

1.6 Scope  of auditors                                                           8

1.7 Significance of Study                                                                  9

CHAPTER TWO LITERATURE REVIEW

2.1   Re-view of related Literature                                                       11

2.2   First  Bank Plc Historical Perspectives                                    11

2.3Analysis of the institutions   and  firrr.s in a financial  market    15

2.4  Bank  as financial intermediary                                                16

2.5 Types  of bank   transactions                                                    17

2.6  Positing ofvouchers ..  in the  computer system                             20

2. 7 Type  offraud   and  irregularities   in a banking system                21

2.8  fraud   and other  irregularities                                                     24

2. 9 Forms  and  meaning  of irregularities                                           25

2.10 Indication   of irregularities  in a firm                                            26

 2.11  Ir.ternal  control   in a firm  and auditors                                 27

2.12 S·J.ggested   fraud   control  measures  in  a banking system       29

2.13  The  roles of auditors  in checking  financial irregularities in a financial system                                                                         30

CHAPTER THREE

RESEARCH METHODOLOGY

3.1  Research    Design                                                                                  31

3.2  Sources ofdata   collection                                                           33

3. 2 .1   Primary  Data                                                                                    34

3.2.2 Secondary  Data                                                                                34

3.3 Population  and  sample  size  determination                                35

3.4  Method  of data collection                                                             37

3.4.1   Reliability of the  instrument                                                37

3.4.2  Validation   of the  instrument                                                        38

3.5  Method  of data presentation                                               38

3. 5 .1   Primary data                                                                                      38

3.5.2 Secondary data                                                                        39

3.6  Mehod   of data analysis                                                              3

CHAPTER  FOUR

DATA  PRESENTATION AND  analysis,

4 .1 Presentation of data                                                                          41

4. 2 Hypothesis testing                                                                     44

4. Hypothesis  two                                                                                     49

4. 4 Hypothesis three                                                                    54

CHAPTER FIVE

SUMMARY OF FINDINGS,  CONCLUSION  AND RECOMMENDATIONS

5.1  Summary   of findings                                                                    59

5.2 Conclusion                                                                                  61

5.3   Recommendation                                                                                        62

References

Questionnaire