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The Prevention And Detection Of Fraud In Small Scale Indsutries In Nigeria
[CASE STUDY OF ADEGOKE GROUP OF COMPANIES IBADAN]
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Also, in order to meet such unprecedented demand of a reasonable cost and efficiently here is need to cmploy fraud prevention and reflection techniques in organization so as to prevent them from dying off.
THE PROBLEM OF THE STUDY
In carryout of the study the following problems were encountered.
1. for effective manipulation, the topic was restricted to small scale industries organizations. These industries are both government and private owned. Because of this and the secretive nature of most of the private and government industries, certain factual information required were considered very sensitive and confidential started that there was no adequate structured or ground to be developed to improve performance in the industries.
2. in choosing the industries, effort were made to secure industries which new product on hand which will reflect their organization techniques, few met this requirement, where this was possible very little cooporation was received from the officers. Not withstanding with all these problems, it was possible to highlight the performance of the industries. The study was conducted and a set of recommendations to help in minimizing fraud in the small scale industries.
THE PROBLEM OF THE STUDY
In carryout the study, the following problem were encountered.
1. for effective coverage, the tofic was restricted to small scale organization. These industries are both government and private owned. Because of this and the secretative nature of most of the private and government industries, certain factual information received were considered veru cerative and confidential issue that could not be obtained factual information received were considered very senative and confidential issue that could not be obtained. The industries stated that there was no adequate structure on ground to be developed to improve performance in the or industries.
2. in choosing the infustries, effort were made to secuere industries with new products on hand which will relect their organization techniques few me it this requirement, where this was possible very little cooperation was recleved from the officers. Not withstanding all these problem, it was possible to highlight the performance of the industries. The study was conducted a set of recommendations to help in minimizing fraud in the small scale industries.
SIGNIFICANCE OF THE STUDY
All organizations whether profit oriented or not operate within conditions of resources constrafic. As a result, various steps are taken and procedures established to ensure that fraud in a small scale industries are prevented and detected in achieving and maximizing the organization goals. Primarily among the steps. Taken to the setting up a structure of internal control within which on orderly operation can take place.
Limitation of the study
The limitations to the study are the factor impending the researchers work and such factors include time duration of the semester, financial constraint and inaccessibility of relevant and sufficient data. These factors mulitated against the researches in such a way that this resulted in the researchers inability to do the work efficiently. The lack of adequate financial suppost also delayed researchers to do with within a reasonable time.
Lastly, the iong distance of the company has casued the inability or the researchers to travel down to the companies in order to get data on how to detect and prevent fraud in small scale industries. The researchers will limit the study to adegoke grove companies in Ilorin.
SCOPE OF THE STUDY
The small scale industries covers a national scope and in a project of these nature a large representatives sample of bank, government or private institution and compare should have been studied. In order to get an under knowledge of the management procedure and techniques employed in the industries. The study has however been confirmed to the small industries in oyo state ibadan and its environment.
While a descriptive and theoretical approach been adopted in the analysis of office organization and management procedures a more practical field work approach have been adopted. It is the intention of the writer to focus on internal control system in the small scale industries.
An in-depth was not possible for the following reasons.
1. the shortness of time available for the project.
2. lacking detailed information from the industries
research hypothesis
CHAPTER ONE -- [Total Page(s) 3]
Page 2 of 3
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