INTRODUCTION
1.1BACKGROUND OF THE STUDY
A bank is defined as a corporation person (or group of persons who accept money on current, saving pay cheque drawn upon, such account drew and collect cheque for customers, that such miniuinm service are afforded to all and sundry. In this contract that banking operation is old hence its emergence as system of exchanging goods for goods or commodities for commodities as earlier practical by our for fathers in the world impact of banking operation created a lot of social upitment in the society such as employment opportunities gratting loans to potential and genuine farmers and entrepreneurs in which the largest member of people could be engaged in buying and selling production and agricultural sectors.
Banking industry is the corner stone of the stable economy through the process of operation in the economy by dominant credit faculties to every sector of the economy. The landing policies adopted by commercial banks basically helped in no small way in making the life of the citizen meaningful and the ideas of depositing money and cheque, draft, money transfers as well as exporters completes which needs the presence of internal auditing to serve as a waken day to the bank all avoid unnecessary entries such as the detection of error/ irregular, to determine comliance with land down producer and directives as well as appraised of the soundness and adequate of the accounting control.
In this point, I can now explain who is an auditor rather what is auditnay? Audtinay could be defined as the impendent examination and investigation of the evidence from which a financial statement has been prepared within a view to enabling the independent examiner to report whether in his opinion and according to the best of information and explanation obtained by him. The statement is pro [erly drawn up and been a time and fair view of what it purpose to show and if not to report in what it respects, he us not satisfied. The auditor responsibilities from the definition above, is to examine and evaluate the reliability of an organization business document, records and voucher with in regard to commercial bank are viewed to check inefficiencies, per determines errors/ frauds weaknesses in the banking system which the notice of the management. The impact of internal auditing in commercial bank is very important as the portfolio is the pillar of the banks hence most customers and shareholderrely on the auditors statement of verification and of account.
The statutory auditors presence in a particular bank could have easy access to documents well prepared by internal auditor through the required accounting polices and regulations. This would make the statutory without adequate accounting conventions
In this respect, the role of internal auditing in banking operation should be seen as a major complementary to banking activities in banking operation should be seen as a more complementary to banking as auditors owe duty of care of investors creditors customers of the bank
TABLE OF CONTENTS
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
TABLE OF CONTENTS
CHAPTER ONE
INTRODUCTION
1.1BACKGROUND OF THE STUDY
1.2STATEMENT OF PROBLEMS
1.3OBJECTIVE OF THE STUDY
1.4SIGNIFICANCE OF THE STUDY
1.5SCOPE OF THE STUDY
1.6LIMITATION OF THE STUDY
1.7REFERENCE
CHAPTER TWO
LITERATURE REVIEW
2.1FREQUENCY OF AUDIT
2.2INTERNAL CONTROL
2.3FRAUD INVESTIGATION AND PREVENTION
2.4EFFECTS OF FRAUD ON BANK
2.5BRIEF HISTORY OF UNION BANK AND ITS AUDIT DEPARTMENT
2.6REFERENCE:
CHAPTER THREE
RESEARCH METHODOLOGY
1.1RESEARCH DESIGN
1.2SOURCE OF DATA
1.3INSTRUMENTATION
1.4METHOD OF DATA COLLECTION
1.5REFERENCE:
CHAPTER FOUR
4.1SUMMARY OF FINDINGS
REFERENCE:
CHAPTER FIVE
5.1CONCLUSION AND RECOMMENDATION
BIBLIOGRAPHY