Impact of Internal Control Over Accounting Frauds in Public Enterprises in Addis Ababa

No Thumbnail Available

Date

2011-06

Journal Title

Journal ISSN

Volume Title

Publisher

A.A.U

Abstract

This study was conducted on impacts of internal control over accounting frauds in public enterprises in Addis Ababa. In general the paper uses sequential mixed methodology. Data are collected by using a self-administered survey which has both open ended and closed ended question. The questionnaire was given 10 both auditors and accountant who are found al different level. After feeding(inserting) the collected dale in to SPss for analyzing purpose; the researcher found that some of the company's internal controls are strong enough so that the possibility of accounting frauds which expected 10 happen is very low as compared to those surveyed public enterprises which are characterized by weak internal control. in general the reasons, which plays a greater role in motivating and pushing peoples to commit accounting frauds includes personal finance al losses. living beyond once means, Lack of internal controls that prevent or detect fraud, ignorance and incapacity, and lack of an audit trial. The types of accounting frauds that is compiled in the public enterprises are depend on the nature of the activity key undertakes and includes violating principles manipulating of sales manipulating of stocks (inventories), and manipulating revenues and expenses. Finally respondents agree that even if internal control is the best weapon 10 overcome accounting fraud regaled problems; it has to be supplemented by other issues like selling a code of conduct, training employees and consult about the ethical issues. Key word s: Accounting frauds, Fraud triangle, internal control

Description

Keywords

Accounting Frauds, Public Enterprises

Citation