Internal Controls, and the Incidence of Fraud in Microfinance Inststutions in the Southwest Region of Cameroon

Abstract

This paper aims at investigating how internal controls affect the incidence and the levels of fraud in selected microfinance institutions in Cameroon. The primary method of data collection was implemented where questionnaires were issued to employees of selected microfinance institutions. The Ordinary Least Square technique of data estimation was implemented from which a regression analysis was run. Correlation analysis and descriptive statistical analysis were also among the analytical tools used for the paper. The finding shows a statistically significant negative relationship between sound internal control and fraud management policies and the incidence of fraud in the microfinance institutions