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.
