The Data Analysis, Finding, Discussion - 2671 Words

CHAPTER FOUR DATA ANALYSIS, FINDING, DISCUSSION INTRODUCTION This chapter presents an analysis of data collected from researchers’ study with the aid of the study’s questionnaires and interview done by them in the past. The result of the study had been presented according to the objectives of this research. Data collected were compared with the systems of internal controls prescribed by the management of the organization using related literature as basis of data analysis and discussion of the relevant findings. ANALYSIS OF DATA RECEIVED IN RESPECT OF THE STUDY FINDING AND DATA ANALYSIS The first researcher which involved impact of internal control measures on preventing and detecting fraud: PROFESSIONAL QUALIFICATION OF STAFF†¦show more content†¦According to the table above, 25% of the respondent said it is an intention to cheat, 6.2% defined it as taking what is not rightfully yours, 18.8% said fraud is manipulating the operations of the bank and finally, 50% of the respondent defined it as an illegal act of acquiring wealth. From the table; notwithstanding the definition of fraud given by each respondent, the researcher concludes by saying that no matter which way fraud is looked at, it is a negative phenomenon which will end up giving the bank an adverse unanticipated result. TABLE 4.13 According to the table, 50% of the respondent said that fraud occurs sometimes in banks, 37.5% said it occurs seldom, 6.2% of the respondent said fraud has never occurred in the bank whereas 6.2% said that fraud occurs often in the bank. Interpreting based on the table above, it is evident that to an extent, fraud occurs in bank. TABLE 4.14 A question was asked to find out if it is necessary for management to put in resources to detect as well as prevent fraud in banks and 87.5% of the respondent said yes while 12.5% said no. To this end, it can therefore be stated categorically that it is important for management to put in resources to detect and prevent fraud in other to avoid its negative results. TABLE 4.15 Table 4.15 shows that a weak internal control system is the major source of bank fraud, since weak internal control system amounted to 50% of the total