The Role Of Effective Internal Control On The Detection and Prevention Of Fraud in Egyptian Commercial Banks

Abstract

Effective Internal Control has been an important topic in Accounting, Its linkage to fraud prevention and detection has always been an area of interest for audits and managers. In this study, the relationship between Effective internal control and detection and prevention of fraud in Egyptian commercial banks has been addressed. Data was gathered using a self-administered structured questionnaire. The data was analyzed using SPSS to test the relationship between Effective internal control and detection and prevention of fraud in commercial banks given to managers, internal auditors and members of audit committee of the Egyptian banking sector. The findings revealed that effective Internal Control have a significant positive effect in detecting and preventing of fraud in Egyptian commercial banks . The study further reveals that there a significant positive relationship between the Control Environment, Control Activities, Risk Assessment, Information , Communication and Monitoring and Detecting and preventing of fraud in Egyptian commercial banks .