Browsing by Author "Felex, Ochar"

Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    Forensic auditing and fraud detection in private universities in Uganda: a case study of Kampala International University main campus
    (Kampala International University.College Of Economics and Management, 2014-06) Felex, Ochar
    This study was set to investigate the role of forensic auditing on fraud detection m private universities in Uganda particularly Kampala International University. This study involved the use of 96 respondents who were engaged through the use of the questionnaires which were majorly closed ended. A descriptive study design was used which included both qualitative and quantitative research designs. The main objectives of the study were to find out the manner in which forensic auditing affect fraud detection and the relationship between forensic auditing and fraud detection in private universities in Uganda The study findings were that majority of the respondents strongly agreed that forensic auditing can affect fraud detection through which among other measures include, the organization regularly audit the books of accounts, the organization usually maintains records of what it owes to the clients, the organization usually pays using the payment mode required by majority of the respondents, the organization hire external auditors to prove the work done by the internal auditors, the organization normally keeps a stringent book keeping policy, the organization has put in place an office in charge of environmental accounting. The research was guided by two research questions of the study, the first research question sought to find out whether forensic auditing can help to curb down fraudulent activities in the organization majority of respondents strongly agreed that forensic auditing can help to curb down fraudulent activities in the organization. This was prove through the following factors which were in a descending order, the organization carries out careful planning and monitoring of cash flows over time so as to determine the optimal cash to hold, the company has efficient cash flow management systems, the organization regularly registers expenses as they are incurred, the organization's assets are put into their best use and the organization always ensures that its debtors keep to their payment schedules through regular follow up. The second research question was sought to find out the manner in which forensic auditing affect fraud detection and the research revealed that it is through proper planning and management of debtors internal control system.