Financial statement fraud and growth of the Financial Sector in Uganda: A case study of Centenary Rural Development Bank.
| dc.contributor.author | Kagogwe, Michael | |
| dc.date.accessioned | 2020-07-21T09:59:51Z | |
| dc.date.available | 2020-07-21T09:59:51Z | |
| dc.date.issued | 2018-08 | |
| dc.description | A research report submitted to the College of Economics and Management in Partial Fulfillment of the Requirement for the Award of Bachelor's Degree in Business Administration finance and Accounting of Kampala International University Kampala, Uganda. | en_US |
| dc.description.abstract | The purpose of this study was to investigate the effect of financial statement fraud on growth of financial sector in Uganda undertaking Centenary Rural Development Bank (CRDB). The study was based on the following 3 objectives; (i) to assess the effect of prevention of financial statement fraud on growth of CRDB; (ii) to establish the effect of detection of financial statement fraud on growth of CRDB; and (iii) to evaluate effect of response to financial statement fraud on growth of CRDB. The study adopted descriptive survey design and a sample size of 80 from a target population of 100 respondents were selected for the study. In regard to effect of prevention of financial statement fraud on growth of CRDB; the study found out that prevention of financial statement fraud is positively (~=0.389) and statistically and significantly (sig-value=0.004) affect growth of CRDB, Uganda. In regard to effect of detection of financial statement fraud on growth of CRDB; the study found out that detection of financial statement fraud is positively (~=0.549) and statistically and significantly (sig-value=O.OOO) affect growth of CRDB, Uganda. In regard to effect of response to financial statement fraud on growth of CRDB; the study found out that response to financial statement fraud is positively (~=0. 709) and statistically and significantly (sig-value=O.OOO) affect growth of CRDB, Uganda. The study concluded that; that prevention of financial statement fraud significantly affect growth of CRDB, Uganda; detection of financial statement fraud significantly affect growth of CRDB, Uganda; and response to financial statement fraud significantly affect growth of CRDB, Uganda. The study recommended that; bank hire an external auditor to assess the effectiveness of the internal control design for the financial statement process; bank's management should clearly describe what constitutes financial statement fraud to assist the individual in reporting the misconduct; the research also suggests the availability of whistle blowing and hotline channels to directly report to the bank's management; and the commitment from the bank's individuals should be done through the affirmation process. | en_US |
| dc.identifier.uri | http://hdl.handle.net/20.500.12306/9792 | |
| dc.language.iso | en | en_US |
| dc.publisher | Kampala International University, College of Economics and Management Sciences . | en_US |
| dc.subject | Financial Sector | en_US |
| dc.subject | Fraud and Growth | en_US |
| dc.subject | Financial statement | en_US |
| dc.subject | Centenary Rural Development Bank | en_US |
| dc.title | Financial statement fraud and growth of the Financial Sector in Uganda: A case study of Centenary Rural Development Bank. | en_US |
| dc.type | Other | en_US |