The Impact Of Auditors In Detection And Prevention Of Fraud In Government Parastatals (A Study Of Abia State Water Board):- Gbasi Glory I

ABSTRACT

 Auditing as a vital instrument of determining the accuracy organization statement of account, which is a great importance to the users of such information e.g. investors, shareholder and creditors etc. This study is a research carried out on Water Board Abia State to know the effect of auditing on organization and how to enhance adequately the auditors for the achievement of the organizational goal and objectives. To what extent can one associate the persistent inadequacies in internal control of this organization? Is there any role internal control can be made to play effort aimed at reducing to the barest minimum incidence of fraud in the organization? Does this system of control requires any further improvement beyond what is presently obtainable in the organization to meet the challenges posed by the frequent waves of fraud. From the research its discover that, most people know what fraud is all about, and it is recommended that both government and organization should adopt measures to minimize the rate of fraud e.g. by instituting the stranger or effective internal control system than other controlling system presently.