Impacts of Control Activities on Fraud Prevention and Control in the Bursary Departments of Tertiary Institution: A Critical Study and Appraisal of Kwararafa University Wukari, Taraba State Nigeria

Abstract

This paper assesses the Impacts of Control Activities on Fraud Prevention and Control in the Bursary department. This study employs primary as well as secondary data to achieve the objective of the study. Primary data was obtained through the administration of questionnaires whereas secondary data was gotten from textbooks, journals, magazines, reports and internet. This paper employs standard table and simple percentages as descriptive statistics to measure the socio economic data of the respondents, while inferential statistics in the form of Analysis of Variance popularly known as ANOVA was used to test the hypotheses formulated which has direct bearing with the subject matter. The result of this findings reveals among the following: that Segregation of duties have been able to prevent as well as control the occurrence of fraud in the Bursary department, Authorization and approval of financial transaction in the Bursary Department has proven to be a fraud prevention strategy and that Accounting and arithmetical control has impacted positively especially in the area fraud prevention and control in the Bursary Department.