Effect of Internal Control System On Fraud Prevention in Ministries, Department and Agencies in Asaba, Delta State

• Author(s): Godbless Ejovi
• Paper ID: 1707420
• Page: 194-229
• Published Date: 08-03-2025
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 8 Issue 9 March-2025

Abstract

This study examined the effect of internal control on fraud prevention in Ministries, Departments and Agencies (MDAs) in Asaba, Delta state. The study adopted the COSO internal control framework namely control activities, risk assessment, control environment, monitoring and information & communication on fraud prevention in MDAs in Asaba, Delta state. The study adopt a survey research design, and primary data source was used with the aid of a questionnaire measured on 5 point Likert scale. The study used a sample of three hundred (300) respondents, which was drawn from a population of eight hundred and fifty-six (856) respondents from the MDAs. The targeted audience includes accountants and auditors in the MDAs. The collected data were validated using Cronbach alpha while multiple regression analysis was used to test the hypotheses. The findings showed that risk assessment and control environment do not significantly affect fraud prevention in MDAs in Delta state. In contrast, control activities, monitoring and Information and communication has significant positive effect on fraud prevention in MDAs in Delta state. Based on this findings, the study concluded that control activities act as deterrents against fraudulent behavior by creating a system of checks and balances within an organization. Therefore, it is recommended that MDAs in Asaba, Delta state should institute effective control measures, such as segregation of duties, authorization and approval processes, and physical security controls, increase the perceived risk and decrease the opportunity for individuals to engage in fraudulent activities.

Citations

IRE Journals:
Godbless Ejovi "Effect of Internal Control System On Fraud Prevention in Ministries, Department and Agencies in Asaba, Delta State" Iconic Research And Engineering Journals Volume 8 Issue 9 2025 Page 194-229

IEEE:
Godbless Ejovi "Effect of Internal Control System On Fraud Prevention in Ministries, Department and Agencies in Asaba, Delta State" Iconic Research And Engineering Journals, 8(9)