Abstract

This study investigated the role of internal auditors in preventing and identifying fraud at Cal-Bank Limited in Ghana using a descriptive survey research design with a sample size of 100 respondents. The study found that internal auditors play a vital role in identifying and preventing fraud and that inadequate fraud policies, training, auditing experience, weak book- keeping, and insufficient employee criminal background checks contribute to fraud. Despite using internal control systems and software to combat fraud, the audit department faced challenges such as a lack of audit manuals and frequent management override of internal controls. The study recommends implementing adequate criminal background checks before employing staff and providing the audit department with resources, training, and independence to combat fraud effective.

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