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An assessment of fraud and its management in Tanzania commercial banks: The case of CRDB AND NMB banks plc

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dc.creator Leonard, Aloyce
dc.date 2016-03-08T16:38:38Z
dc.date 2016-03-08T16:38:38Z
dc.date 2013
dc.date.accessioned 2018-03-24T12:04:56Z
dc.date.available 2018-03-24T12:04:56Z
dc.identifier http://hdl.handle.net/11192/856
dc.identifier.uri http://hdl.handle.net/11192/856
dc.description A Dissertation Submitted in Partial Fulfillment of the Requirements for Award of the Degree of Master of Science in Accounting and Finance (Msc A&F) of Mzumbe University
dc.description The study was conducted at the CRDB Bank and NMB Bank Public Limited Companies at headquarters and branches located in Dar es Salaam. The study was on assessment of fraud and its management in commercial banks in Tanzania. The specific objectives of the study were to analyze the nature/ types of frauds in banks and establish why fraud occurs. It was also aimed to establish adequacy and effectiveness of internal controls in managing frauds in banks and was sought also to evaluate impacts of frauds in banks business and suggest measures on how to manage and reduces the impacts in banks. Following the definition of the problem, literature study was done in order to get insights of the problem. The research methodology used was the survey study, which took six months. The design used enabled the researcher to collect data to the targeted organization and questionnaires, interviews and documentary sources were used as tools of data collection. Data collected were analyzed careful by using both quantitative and qualitative techniques, in quantitative technique percentages were used for analysis of data and the results showed that Cheque Fraud, computer frauds, card frauds, theft of assets, misappropriation of customers money from their account, cheque kitting, financial statement fraud, fund diversion frauds, frauds related to accounts fraudulently opened, and frauds resulted by delaying clearing instruments are types of frauds occurring in Tanzania commercial banks. Other classes of frauds in Tanzania commercial banks revealed were frauds related to overstatement of collateral value when customers applied for bank loans. Frauds related to manipulation of foreign exchanges and ghost loans- loans issued against forged collaterals. Internal controls were found adequate in some areas/ processes, however were not effective. In some areas/ processes were controls were adequate were not effective as sometimes management tends to override them to commit fraud. In some instances,
dc.language en
dc.publisher Mzumbe University
dc.subject its management in Tanzania commercial banks
dc.title An assessment of fraud and its management in Tanzania commercial banks: The case of CRDB AND NMB banks plc
dc.type Thesis


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