The Effect of Administrative Controls on Fraud Detection and Prevention in Barclays Bank Uganda

Abstract

The study investigated the effect of administrative controls on fraud detection and prevention in Barclays Bank Uganda. The objectives of the study were; (1) to establish the relationship between administrative professional practice and fraud detection and prevention in the bank; (2) to establish the relationship between administrative deterrence measures and fraud detection and prevention in the bank; and (3) to determine the effect of utilizing administrative detection tools and methods to prevent fraud. The study used both descriptive and inferential statistics to achieve the above objectives. Results revealed that; (1) there is a significant and positive correlation between; administrative professional practice and fraud detection and prevention in the bank (r = .843, p<0.0001); administrative deterrence measures and fraud detection and prevention (r = .969, p<0.0001); and utilizing administrative detection tools and fraud detection and prevention (r = .992, p<0.0001). Given the findings, it was suggested that Barclays Bank should strengthen its administrative controls and ensure that systems are in place to detect and/ or a dministrative prevent problems that lead to losses thereby limiting damage to the bank operations. These included; professionalism in organizing work and controlling workers as well as having deterrent measures and technological tools that can help in the internal control function.