ABSTRACT
There in a misconception as to the role of the auditor in relation to fraud. Management has hence put in place a system of internal control adequate to its circumstances in order to help it ensure the reliability and accuracy of company records. Despite all these there have been celebrated cases of fraud in financial institutions. This hence highlights the need for an increased awareness of fraud and its manifestations in books accounts not only by accountants, but by investigations, social science and the general public. This study also highlights the merging of the behavioural aspects of organizational fraud with its investigation aspects. It is the considered opinion of the writer that fraud and deception in financial institutions can be reduced by improving on professional and organizational ethics. It inspiration behind this text was the urge to lucidly discuss issues on fraud peculiar to the Nigeria’s financial system. The first chapter outlines the objectives of the study, and various constraints experienced by researcher. The second chapter discuss extensively on the incidence and consequences of fraudulent activities. It also identifies the various efforts exhibited by Nigerian auditors towards the reduction of these fraudulent activities. The third chapter deals with the researcher and statistical method used in the research work where as the fourth analysis the source data with the statistical technique reviewed in chapter three. The last chapter presents the findings of the study as well as the recommendations suggested by the researcher. Finally, the writer is solely responsible for any errors and omission found in this work and apologizes for such deficiencies.