Internal Control System and Fraudulent Practices in The Nigerian Public Sector; A Survey of Nigerian National Petroleum Corporation (Nnpc) Nigeria

No Thumbnail Available
Date
2018-10
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics & management.
Abstract
The researcher investigated the relationship between ‘internal control system and fraudulent practices in the Nigerian public sector; a survey of Nigerian National petroleum Corporation (NP. /P~’. The purpose the study was to determine the Effect of Internal Control system on fraudulent in the Nigerian National Petroleum Corporation, Nigeria. The specific objectives were to determine the relationship between internal control system components (Control Environment, Risk Assessment, Control Activities, information and communication, and monitoring) and fraudulent practices in the Nigerian public sector. The study adopted a cross sectional research and descriptive research design in which data was collected and analyze using quantitative method. The sample size of 300 was selected from the target population of 1205 using Slovene jorum/a. Results from the Pearson linear correlation and regression analysis shows that there is statistically significant relationship between the internal control system variables and fraudulent practices in the Nigerian public sector and internal control system have a negative Effect on fraudulent practices. Thus, Control Environment was regressed on Fraudulent Practices and the result of linear regression showed that R2=0.961 and significant at P < 0.000; Control Activities was regressed on Fraudulent Practice and the result of linear regression showed that R2~0.936 and significant at P < 0.000; monitoring was regressed with Fraudulent Practices. The result of linear regression showed R2=0.936.
Description
A Thesis Presented to The College of Economics in Partial Fulfillment of The Requirements for The Award of Master of Science Degree in Finance and Accounting, Kampala International University Uganda
Keywords
Internal Control Systems, Fraudulent Practices, Public Sector
Citation