Abstract
With an upsurge in financial
accounting fraud in the current economic scenario experienced, financial
accounting fraud detection has become an emerging topic of great importance for
academic, research and industries. In this age of high technology, fraud investigators
can no longer be satisfied with just auditing or accounting skills, these
investigators should be trained as forensic accountants and this training
should include an extensive knowledge of accounting information. Despite the
independence of auditors, fraud is still in the increase and most organizations
has internal control system that checkmates the operations of the organization but fraud still exist within
the organization. In order to protect our banking sector, it is crucial to
examine the level of assessment of fraud risk with respect to financial
statement audits.
The study is on
auditing as a tool for fraud risk assessment in commercial banks within Kwara
State. The researcher employed both
primary and secondary data in collection of information, and correlation analysis
for testing of hypothesis, SPSS package was also used for analysis of
questionnaire.
it
is therefore required to note some areas of improvement that, The organization
should put in place policies and procedures that will help in reducing fraud
and also provide Conducive working atmosphere must be ensured for staff
members.
Keywords: Auditor, Fraud, audit
report, risk assessment, objectivity, integrity.