Risk Assessment: A Fight against Fraud in Nigerian Organizations

Nnam, Imaobong Judith; Eneh, Nnajiofor

doi:10.6007/ijarbss/v8-i7/4329

Cited by 2 publications

(2 citation statements)

References 7 publications

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“…The significant legal risks faced by the marketing agripreneurs were registration and conditionality cost (mean=4.49), challenge of on time delivery of goods (mean=4.47) and expensive license renewal (mean= 4.53). This agrees with [23].…”

Section: Major Types Of Risk Of Confronted By Marketing Agriprenuers ...supporting

confidence: 91%

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Analysis of Risk Types Faced by Agriprenuers in North Central, Nigeria

Okutue¹,

Osuji²,

Ibeagwa³

et al. 2022

IJFSA

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This study evaluated the types of risks faced by agripreneurs in North Central Nigeria. Multistage random sampling technique was adopted in the selection of 300 respondents from Nasarawa, Niger and Kogi States used for the study. Well-structured questionnaires were used to elicit the required data from the respondents. The significant economic and financial risk facing the input agripreneurs were exchange rate fluctuations (mean=3.84), high interest rate (mean=4.82) and high level of debts (3.20). The significant production risks facing the production agripreneurs were inadequate storage and processing facilities (mean=4.25), power supply interruption (mean=4.56), outdated technology and lack of expertise (mean=4.34) inaccessibility of input (mean=3.94). The significant production risk facing the processing agripreneurs were inadequate processing and storage facilities (mean=3.42), instability in power supply (mean=4.54), outdated technology and lack of expertise (mean=4.41) and inadequate and improve inputs (mean=3.42). The Major risks faced by marketing agripreneurs include frequent price fluctuation (mean=4.04), high level of inflation (mean=4.66), lack of product variety (mean=3.12), past failure (mean=3.4.07) and too many competitors (mean= 3.97). The significant economic and financial risk facing the support agripreneurs were limited ways of raising fund (mean=4.95), exchange rate fluctuation (mean=4.42) and high interest on loans (mean=4.53). Programs and policies meant to promote capital access of the agripreneurs should be promoted and executed judiciously. Agripreneurs should be enlightened that risk is essential part of entrepreneurial success.

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Section: Major Types Of Risk Of Confronted By Marketing Agriprenuers ...supporting

confidence: 91%

“…Also, the significant legal risks faced by the support agripreneurs were registration and conditionality cost (mean=4.74), expensive license renewal (mean=4.32) and challenge of on-time delivery of goods (4.26). This agrees with [23].…”

Section: Major Types Of Risk Confronted By Support Group Agriprenuers...supporting

confidence: 91%

Analysis of Risk Types Faced by Agriprenuers in North Central, Nigeria

Okutue¹,

Osuji²,

Ibeagwa³

et al. 2022

IJFSA

View full text Add to dashboard Cite

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Effect of Risk Assessment by Internal Auditor on Effectiveness of Listed Companies in Nigeria

Benjamín¹,

Dada²,

Adegbite³

2020

IJRSM

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Past studies focused on the role of internal auditors in fraud prevention and internal auditing in relation to good corporate governance and did not explore risk assessment by internal auditor for effectiveness in an organisation with the view to prevent corporate failure. This study investigated the effect of risk assessment by internal auditor on effectiveness of listed companies in Nigeria. The study adopted a survey research design. The population of the study consisted of 24 companies selected from the eleven industrial sub-sectors of the 161 listed companies on Nigerian Stock Exchange as at 30th November, 2019. The sample frame is 5012 and sample size of 501 (comprising 401 internal auditors and 100 top management staff) representing 10% of the population. Structured questionnaire with a five point Likert – scale was administered with 87.43% response rate. Random sampling technique was adopted in the selection of the 24 companies with each chosen company representing each sector. The research instrument was subjected to content validity and test and re-test method of reliability which yield Cronbach alpha value of 0.798. Result indicated that risk assessment (RA) by internal auditors has positive effect on effectiveness (EFFTV) of listed companies in Nigeria with β = 0.194, t (438) = 9.827, p<0.05. F-Statistics of 12.653; Adjusted R2 = 0.051 with p – value of 0.000 which is statistically significant at p < 0.05. Therefore, companies’ management are advised to strengthen the internal auditors in the assessment of risk that might impact on the effectiveness of an organisation to be able to avert organisational emerging risk.

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Risk Assessment: A Fight against Fraud in Nigerian Organizations

Cited by 2 publications

References 7 publications

Analysis of Risk Types Faced by Agriprenuers in North Central, Nigeria

Analysis of Risk Types Faced by Agriprenuers in North Central, Nigeria

Effect of Risk Assessment by Internal Auditor on Effectiveness of Listed Companies in Nigeria

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