Effect of Fraud on Financial Performance in Ghanaian Organizations

Abstract

The main objective of this study was to examine the effect of fraud on company’s performance in Ghana. It is encumbered on Auditors to ensure that the occurrence of fraud is brought to the barest minimum in the company. Information gathered for this work were obtained from one hundred auditors (100, one hundred staff (100), fifty managers (50) all in Accra and hundred members (100) of the academia from koforidua Technical University in Koforidua and Accra Technical University in Accra. The study revealed that sixteen (16) out of the seventeen (17) checklist used for the study on respondents perception relating to possible fraud in a company had more than 300 respondents agreeing with these factors while and one (1) recorded less than 300.It is hope that management in every organization will do it’s very best to avoid the reoccurrence situation. Therefore, organizations must commit themselves to fraud prevention with the involvement of all stakeholders.