The Effectiveness Of Internal Auditing In Fraud Detection And Prevention In State-Owned Enterprises (Soes) In Zimbabwe (2019-2023) · Electronic Theses and Dissertations

Author

Micheal Zambuko

Title

The Effectiveness Of Internal Auditing In Fraud Detection And Prevention In State-Owned Enterprises (Soes) In Zimbabwe (2019-2023)

Abstract

The study's premise was to evaluate the effectiveness of internal auditing in fraud detection and prevention in SOE’s in Zimbabwe from 2019-2023.The researcher focused on ZESA, ZINWA and GMB head offices situated in Harare The study intended to establish methods for internal audits in Zimbabwe's parastatal industry. The study also looked into the influence that internal
auditing had on detecting and preventing fraud in Zimbabwe's state-owned firms, as well as the
effect of internal auditing on organizational internal controls and its compatibility with technology. The study was based on the fraud triangle theory and its modifications (internalcontrol theory). The study followed
the pragmatist research philosophy. The study used a mixed method, which used questionnaires to gather quantitative data and interviews as well as examining past published articles of SOE’s as a way to gather qualitative data. The target population consisted of three parastatal enterprises with 67 management and internal audit staff
at the time of the study. The sample was determined using Yamane's formula, and the study sample size was 41 participants. The collected data was analyzed using SPSS version 20.0 and presented using tables. Multivariate regression analysis was conducted to determine the link
between components of internal auditing and fraud detection and prevention. The study discovered that internal auditing had a beneficial influence on detecting and reducing fraud in the parastatal industry, as well as being effective on internal controls of state-owned firms. The report advised that governments enforce the implementation of internal auditing methods since
they improve fraud detection and mitigation. The report also recommended that future research focus on establishing theoretical frameworks for understanding fraud in state-owned firms.

Date

June 2024

Publisher

BUSE

Keywords

Fraud Detection

Prevention

State-Owned Enterprises
Zimbabwe

Supervisor

N/A