Effect of Internal Audit Functions on Fraud Control in Manufacturing Companies in Anambra State

The study is aimed to examine the effect of the internal audit functions on fraud control in manufacturing companies in Anambra state. The study made use of survey design. Data were collected from primary sources through the issue of seventy two 72 structured questionnaires to four 4 senior management staff, including the accountant of each of the eighteen 18 companies under the study. The collected data were analysed using Logistic Regression analyses with the help of Statistical Package for Social Science SPSS version 23. The findings showed that the internal audit functions which include evaluation of internal control, risk assessment all affect fraud prevention and detection in manufacturing concern. Based on the above, it is recommended among others that management of manufacturing companies in Anambra state should always adopt the services of a qualified Internal auditor in the company so as to ensure no financial leakages and accountability in the company. The management should create and establish a standard internal control system, strong enough to stand against the wiles of fraud in order to promote continuity of operations in such company. The structure should be such that can remain relevant for a very long time and capable of been updated with emerging technology. Anyanwu, Nnamdi | Okafor, Gloria. O "Effect of Internal Audit Functions on Fraud Control in Manufacturing Companies in Anambra State" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-2 , February 2022, URL: https://www.ijtsrd.com/papers/ijtsrd49329.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/49329/effect-of-internal-audit-functions-on-fraud-control-in-manufacturing-companies-in-anambra-state/anyanwu-nnamdi