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  • COOPERATE GOVERNANCE AND FRAUD MANAGEMENT, THE ROLE OF EXTERNAL AUDITOR PUBLIC QUOTED COMPANY IN NIGERIA (THE CASE STUDY OF CARBURY NIGERIA LIMITED)

    ABSTRACT

    This research is on Cooperate governance and fraud management, the role of external auditor public quoted company in Nigeria (the case study of Cadbury Nigeria limited). The rising spate of fraud in public quoted company has assumed an enormous dimension. This development has eroded public trust in financial statements. Auditors in their duty to expressing professional opinion on the truth and fairness of financials are ostensibly bedeviled with quantum of challenges which could result in the issuance of a clean bill of health to corruption-riddled establishments. It is against this background that this paper critically examines the challenges corruption poses to auditors and audit reporting, and proffers formidable cures to ameliorate the Achilles heels and to redeem the auditing profession from impeding collapse. This called for the need for this study and the purpose of this study therefore is to identify the causes of fraud, measure its impact and identify means of controlling it. The study is a survey research and questionnaire was used for the collection of primary data while libraries, journals, write-ups, seminar papers and books by popular authors were used for secondary data. The findings show that poor management, inexperienced personnel, overstretching, job rotation, poor remuneration, frustration, poor book-keeping, inadequate training, communication gap and poor leadership skills are the greatest causes of fraud in the ruralby external auditors in public quoted company in nigeria. It was concluded that adequate internal control systems should be put in place and that workers satisfaction and comfort should be taken care off.

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