Investigating Fraud Detection And Prevention Strategies In Accounting Practices; A Case Of Leengate Civil Engineering
- Author
- Chinguwa, Tinashe
- Title
- Investigating Fraud Detection And Prevention Strategies In Accounting Practices; A Case Of Leengate Civil Engineering
- Abstract
- This study examines the fraud detection and prevention strategies employed by Leengate Civil Engineering Contractors, a leading Zimbabwean company in the housing and property development infrastructure sector. The research aims to identify and analyze the best practices in fraud prevention and detection, highlighting the importance of robust internal controls, risk assessments, and whistleblower mechanisms. The case study focuses on the company's financial reporting and internal control systems, assessing their effectiveness in preventing and detecting fraudulent activities. The study reveals that Leengate Civil Engineering Contractors has implemented various strategies to mitigate fraud risks, including regular internal audits, data analytics, and external audits. The company's strong control environment, coupled with its commitment to ethical practices and continuous improvement, has contributed to its reputation as a trustworthy and reliable contractor. The findings of this study provide valuable insights into the fraud detection and prevention strategies employed by Leengate Civil Engineering Contractors, offering a model for other companies to follow. The study concludes that a combination of robust internal controls, risk assessments, and whistleblower mechanisms is essential for preventing and detecting fraud in accounting practices. The results of this research can inform the development of more effective fraud prevention and detection strategies, ultimately enhancing the financial integrity and reputation of companies like Leengate Civil Engineering Contractors.
- Date
- JUNE 2024
- Publisher
- BUSE--
- Keywords
- Fraud Detection, Accounting Practices, Leengate Civil Engineering
- Supervisor
- NIL
- Item sets
- Department of Accountancy
- Media
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Tinashe Chinguwa.pdf