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Character of Official Justification in Tracking Corporate Fraud

Amieye Anita Ibiere, Ph.D

Abstract

This study was intended to evaluate the extent to which Official Justification can be used as a tool in fraud detection. This study was guided by the following objectives; to identify the Character of a Official accountant in an organization, to know if Official Justification significantly reduces the occurrence of fraud in an organization, to know if there is a significant difference between professional Official accountants and traditional external auditor. The study employed the descriptive and explanatory design; questionnaires in addition to library research were applied in order to collect data. Primary and secondary data sources were used and data was analyzed using the chi-square statistical tool at 5% level of significance which was presented in frequency tables and percentage. The respondents under the study were 60 employees of Eti-osa local government council. The study majorly focuses on staff knowledge and information concerning Official Justification. The study findings revealed that Official Justification plays a significant Character in any organization; the use of Official Justification significantly reduces the occurrence of fraud cases in the public sector; there is a significant difference between professional Official accountants and traditional external auditor. Based on the findings from the study, more Official accountants should be drafted into the public sector in other to reduce fraud in the public sector.

References

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