JOURNAL OF SOCIAL AND MANAGEMENT SCIENCES
Journal of the Faculty of Social Sciences, Delta State University, Abraka, Nigeria

ISSN: 1597-0396
DOI: 10.5987/UJ-JSMS
Email: jsms@universityjournals.org

THE RELATIONSHIP BETWEEN CORPORATE GOVERNANCE AND FRAUD PREVENTION IN NIGERIA : A PERCEPTUAL VIEW

DOI: 10.5987/UJ-JSMS.17.052.3   |   Article Number: 25D3F111   |   Vol.11 (3) - December 2016

Authors:  OFFOR Nkechi Theresa , ENAIBRE Ighosewe Felix and EFERAKEYA Idowu

Keywords: Nigeria, Corporate governance, Fraud prevention

ABSTRACT

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This paper critically examined the relationship between corporate governance and fraud prevention in Nigeria. It focused on the relationship between internal audit, audit committee, external audit, board of director's governance mechanisms and fraud prevention. Data were obtained from the administration of questionnaires on academics in management sciences' faculty, chartered accountants, internal auditors, external auditors and stock brokers. The questionnaire instrument employed was subjected to reliability test using the Cronbach's alpha. Descriptive statistics were used to show the dispersion of the distribution. The data elicited were analysed with the help of multiple regression estimation technique .The findings show that internal audit, audit committee, external audit and board of directors have significant negative relationship with fraud prevention. This infers that they are capable of reducing the incidences of fraud in an organization. The study recommends that more emphasis should be shown to encourage entrenchment of an effective internal audit function; effective audit committee; an independent and effective external audit; and an ethically sound and effective board of directors in an organization.

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