Internal Audit And Fraud Detection In The Banking Industry

 CHAPTER ONE
INTRODUCTION
1.1    BACKGROUND OF THE STUDY
In a typical banking sector the auditors duties will be concerned with many departments apart from the normal department relating to accounting and finance, which means that the auditor is not only concerned with account and internal audit department but with the whole banking system or operations.
Presently, there is a distressing increase in the extent of fraudulent activities in Banking Industry, in particular first bank. This has had a negative consequence on the confidence of bank clients. While international…