ISSN: 2225-8329
Open access
This study empirically examined the effect of electronic payment systems on payroll fraud prevention in selected Ministries in Bayelsa State. The specific objectives focused on effect of e-payment systems on payroll fraud prevention. To ascertain these objectives a survey research design was adopted and data for the study were collected using questionnaires that was structured on 5-point Likert summated rating scale. Multiple regression analysis was adopted to analyze the data. The findings of the analysis revealed that all the electronic payment system variables used (BIN, BVN and ETS) had positive effect on payroll fraud prevention, but the relationship was not significant at 5% level. Based on the findings, the study recommended that Government should take strict measures in ensuring full compliance in respect of BIN by every employee in the various Ministries in Bayelsa State. The study further recommends that every employee on Government payroll obtain a BVN in order to track financial transactions in the employee’s salary account. It further enjoined Government to ensure that accountants in charge of salaries payment strictly adhere to electronic means of transferring employees’ salaries and not manual payment.
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Appendix: 1 Analysis and Classification of Evaluation of Payroll fraud prevention
To cite this article: Etale, L. M., Pouzigha, Y. A. (2020). Effect of Electronic Payment Systems on Payroll Fraud Prevention in Selected Ministries in Bayelsa State, International Journal of Academic Research in Accounting, Finance and Management Sciences 10 (3): 38-51.
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