It is believed that internal control is a tool at managements, disposal to curb fraud. Despite the internal control in today’s companies, management has not been able to effectively curb fraud as we can see from media reports filled with news of financial fraud. We therefore need to know why this system has failed tremendously. Also, since the report of fraud has grown to almost an uncontrollable rate. It has become proper to think of a more economical, effective and efficient way of curbing it. This nay of course read the hands of internal exports, the auditor. In which case, the primary aim of an audit has to include detecting and prevention of fraud.

Title page

Certification

Dedication

Acknowledgement

Preface

Abstract

1.1 Background of the study

1.2 Statement of problem

1.3 Objective of the study

1.4 Significance of the study

1.5 Definition of the terms

1.6 Scope and limitations of the study

2.1 Definition of auditing

2.2 Origin of auditing standards

2.3 beginning of audit functions

2.4 How the duties of the auditor relates with the achievement of a profitable business organization

2.5 Similarities between auditing and accounting

2.6 Internal control

2.7 External control

2.8 Auditing procedures

2.9 The auditing and fraud

3.1 Summary of findings

3.2 Conclusion

3.3 Recommendation