ACCOUNTING ETHICS AS A TOOL FOR FRAUD CONTROL IN NIGERIA BANKING SECTOR

This research work is focused on Accounting Ethics as a tool for fraud control in Nigeria Banking Sector, a study of First Bank of Nigeria Plc, Aba. The problem that lead to this study include – poor control of high fraud rate in Nigeria banking sector, problem of inaccurate financial recording, and poor implementation or failure to clearly execute the accounts prepared. This project work is aimed at determine how accounting ethics can help in controlling fraud in Nigeria banking sector and to identify if there is any significant relationship between accounting ethics and accurate financial recording, and to determine whether accounting ethics can and in fraud detection and prevention. Three research questions were asked and three hypotheses were formulated and analysed using tables, percentage and chi-square x statistical tool. The population size is 60 while the sample size is 52. The methodology adopted was the survey design and descriptive method. The primary data was collected from questionnaire and personal interview while the secondary data was collected through textbooks, journals, magazines, newspaper, etc. The statistical analysis chi-square (x2) tested data fits on expected set of level significance of 0.05. In the findings, it is observed that accounting ethics help in fraud control in Nigeria Banking Sector. There is significant relationship between accounting ethics and accurate financial recording, and proper implementation of accounting ethics help in fraud detection and prevention in the banking sector.