FRAUD AND FINANCIAL MANAGEMENT IN THE NIGERIAN ORGANIZATIONS

Cecilia Adurayemi Adu (PhD), Oladele Sewanu Oke-Potefa, Bukola Modupe Adeleke

Abstract


This study discussed the impact of fraud on financial management of some organizations in Nigeria using descriptive and qualitative methods of analyses. Some comparative studies were carried out based on previous works done in this topic. It was recommended that organisations should make employees aware of setting up reporting system of fraud risk policy including types of fraud and the consequences associated with them.


Keywords


impact, fraud, organizations, financial management, corruption, Nigeria.

Full Text:

PDF

References


Adu, C.A and Ojo, M.O.D (2013). Frauds: Causes, typologies, monumental effects and Combative Measures, Int. Journal of Management, Information Technology and Engineering 3 (2), 442-455.

Adu, C.A (2016). Transparency, accountability and corruption in the Nigeria public sector, International Journal of Social Relevance and Concern, (4 ) 1-10.

Annisya, M., Lindrianasari, and Amaranth, Y. (2016). Pendeteksian kecuranganlaporan keuangan menggunakan fraud diamond. 23(1), 72–89.

Cooper, D.J., Dacin, T., & Palmer, D. (2013).Fraud in accounting, organizations and society: Extending the boundaries of research. Accounting, Organizations and Society, 38, 440-457.

Dixit, A. and Nalebuff, B. (1960).Game Theory Sweet & Maxwell Ltd, London.

Economic and Financial Crimes Commission. (2014).Internal Reports

Gill, M. and Goldstraw-White, J.E. (2010). Theft and fraud by employees. In Brrokman, F., Maguire, M., Pierpoint, H., Bennett, T.H.(Eds), Handbook of Crime, Willian, Cullompton.

Hollow, M.(2015). Rogue banking. A history of financial fraud in interwar Britain. Basingstoke: Palgrave Macmillian.

Ijeoma, N. and Aronu, C.O., (2013). The impact of fraud management on organizational survival in Nigeria, American Journal of Economics, 3(6): 268-272.

Nigerian Bureau of Statistics. (2007). Survey on crime and corruption and awareness, Nigeria

Nnam, I., and Eneh, N. (2018). Risk assessment: A fight against fraud in Nigerian organizations. International Journal of Academic Research in Business and Social Sciences, 8(7), 133–144.

Nugraheni, N.K., and Triatmoko, H. (2016).Analisis faktor-faktor yang mempengaruhiterjadinya financial statement fraud: perspektif diamond fraud theory (studipada perusahaan perbankan yang terdaftar di bursa efek Indonesia periode 2014-2016.

Okaro, S.C., Okafor, G.O., and Ofoegu, G. (2013). Corporate fraud in Nigeria- A two case study, International Journal of Research Management, 3(6),1-10.

Okoye, E.I., and Gbedi, D.O. (2013). An evaluation of fraud and related financial crimes on the Nigerian economy, Arabian Journal of Business and Management Review, 2(7).11-21.

Oktarigusta, L. (2017). Terjadinya financial statement fraud di perusahaan ( studiempirispada perusahaan manufaktur yang terdaftar di beitahun 2012-2015). Journal Daya Saing, 19(2), 93–108.

Reskino, R., and Anshori, M. F. (2016). Model pendeteksiankecuranganlaporankeuangandengananalisis fraud triangle. Jurnal Akuntansi Multiparadigma, 7(2), 156–323.


Refbacks

  • There are currently no refbacks.


Copyright (c) 2023 Cecilia Adurayemi Adu (PhD), Oladele Sewanu Oke-Potefa, Bukola Modupe Adeleke

 

 

 

 

 

 

 

 

 

ISSN (PRINT):    2682 - 6135

ISSN (ONLINE): 2682 - 6127

 

 

   

 

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.