THE QUALITY OF CORPORATE FINANCIAL DISCLOSURE AND THE INCIDENCE OF FRAUD IN COMMERCIAL BANKS IN NIGERIA

ABSTRACT

This research work was carried out to investigate the “Quality of Corporate Financial Disclosure and the Incidence of Frauds in Commercial Banks in Nigeria with special reference to United Bank for Africa Plc, Sapele as a study.. The major objective of this study is to investigate into the quality of corporate financial disclosure and incidence of fraud in commercial bank in Nigeria. And to also ascertain the significant relationship between fraudulent financial reporting and weak audit committee/internal control. Information was collected from both primary and secondary source. The population of the study consisted of members and staff of United Bank for Africa Plc, Sapele branch. The staff was consulted in order to elicit information from them regarding the subject matter. Simple percent was used for the analysis of the research questions while chi-square(x2) was used to test the hypothesis. From the study, my findings review that; there is a significant relationship between the quality of corporate financial disclosure and incidence of fraud in commercial disclosure and incidence of fraud in commercial bank. It is also reviews that corporate financial disclosure will affect the performance of banks in Nigeria positively. Based on the result of these findings, my Recommendations are as follows; Banks should institute effective control and preventive measures to assist them in management of fraud thereby tightening them security measures on the internal system. And also, the financial institutional reporting structure should adhere strictly to the financial reporting framework issued by the international reporting standards for better and more acceptable financial reports.

 

PRELIMINARY STAGES

Title Page –    –           –           –           –           –           –           –           –           –           –           i

Dedication –  –           –           –           –           –           –           –           –           –           –           ii

Certification –           –           –           –           –           –           –           –           –           –           iii

Acknowledgement – –           –           –           –           –           –           –           –           –           iv

Abstract –       –           –           –           –           –           –           –           –           –           –           v

TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION

1.1       Background of the Study    –           –           –           –           –           –           –           1

1.2       Statement of research problem      –           –           –           –           –           –           2

1.3       Research Objective  –           –           –           –           –           –           –           –           3

1.4       Research Question   –           –           –           –           –           –           –           –           3

1.5       Research Hypothesis           –           –           –           –           –           –           –           3

1.6       Significant of the study-     –           –           –           –           –           –           –           4

1.7       Scope of the study   –           –           –           –           –           –           –           –           5

1.8       Limitations of the study      –           –           –           –           –           –           –           5

1.9       Definition of Terms –           –           –           –           –           –           –   –      5 –       6

References –  –           –           –           –           –           –           –           –           –          –           7

CHAPTER TWO: LITERATURE REVIEW

2.1       Introduction –            –           –           –           –           –           –           –           –           8

2.2       Theoretical Framework –    –           –           –           –           –           –           –           8

2.3       Corporate Performance and Stability –     –           –           –           –           –           10

2.4       Corporate Financial Disclosure in Nigeria (An Empirical Review)-   –           11

2.5       Causes of Frauds and Forgeries in Banking Operations –          –           –           12

2.6       Fraudulent Financial Reporting-   –           –           –           –           –           –           13

2.7       Definition of Nature and Fraud –   –           –           –           –           –           –           15

2.8       Motives for Financial Statement Fraud –  –           –           –           –           –           15

2.9       Culture Ethics and Fraud –  –           –           —         —         –           –           –           16

2.10    Reasons for or Common Method of Financial Reporting Fraud –        –           16

2.11    Audit Committee Effectiveness/Functionality – –           –           –           –           16

2.12    External Auditors Independence- –           –           –           –           –           –           17

2.13    The Role of External Auditor in Financial Reporting in Nigeria-        –           17

2.14    Management Override of Controls and Fraud  – –           –           –           –           18

2.15    Managing Fraud and Forgeries in Banking Operations  –          –           –           18

2.16    Strategies for Preventing Frauds and Forgeries in the Banking Sector –         19

2.17    Empirical Evidence on Corporate Financial Disclosure –         –           –           21

References –  –           –           –           –           –           –           –           –           –           23

CHAPTER THREE: RESEARCH METHODOLOGY

3.1       Introduction  –           –           –           –           –           –           –           –           –           24

3.2       Research design       –           –           –           –           –           –           –           –           24

3.3       Population of the study       –           –           –           –           –           –           –           24

3.4       Sampling techniques and sample size      –           –           –           –           –           25

3.5       Research Instrument            –           –           –           –           –           –           –          25

3.6       Reliability and Viability of the Instrument          –           –           –           –           25

3.7       Method of data collection  –           –           –           –           –           –           –           26

3.8       Method of data analysis      –           –           –           –           –           –           –           26

References-   –           –           –           –           –           –           –           –           –           27

CHAPTER FOUR: PRENSENTATION OF DATA ANALYSIS

4.1       Data Presentation     –           –           –           –           –           –           –           –           28

4.2       Data Analysis           –           –           –           –           –           –           –           –           28

4.3       Hypothesis testing   –           –           –           –           –           –           –           –           29

4.4       Discussion of Findings –     –           –           –           –           –           –           –           31

References-   –           –           –           –           –           –           –           –           –           33

CHAPTERFIVE: SUMMARY CONCLUSSION, RECOMMENDATIONS

AND SUGGESTION FOR FURTHER STUDY

5.1       Summary of Findings-         –           –           –           –           –           –           –           34

5.2       Conclusion-  –           –           –           –           –           –           –           –           –           34

5.3       Recommendation-    –           –           –           –           –           –           –           –           35

5.4       Suggestion for Further Study         –           –           –           –           –           –           35

Bibliography –          –           –           –           –           –           –           –           –           36

Appendix I –  –           –           –           –           –           –           –           –           –           37

Appendix II   –           –           –           –           –           –           –           –           –           38

 

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