The purpose of the study was to investigate the influence of internal control systems on fraud detection at Stanbic Bank, Ntinda Branch. Specifically, it sought to examine the influence of control environment, risk assessment and internal audit on fraud detection at Stanbic BankNtinda Branch. The study employed a case study and correlational cross-sectional research design, employing both quantitative and qualitative methods, to collect data from a sample of administrators and employees of the bank. Data were analyzed both quantitatively and qualitatively and its findings revealed that internal control systems significantly influenced fraud detection at Stanbic BankNtinda Branch. Findings further, indicated that control environment, risk assessment and internal audit are all significant influential factors of fraud detection at Stanbic BankNtinda Branch.
The study concluded that control environment, risk assessment and internal audit, respectively influence significantly and positively fraud detection at Stanbic Bank Ntinda Branch. Therefore, the study recommends that Stanbic BankNtinda Branch should not only rely on the controls in place to detect fraud but should also consider other factors such as continuous assessment of risks. It further recommends that the assessment should always 39 cover all risks facing the bank such as credit risk, interest rate risk, market risk, liquidity risk and operational risk. Therefore, internal controls need to be revised regularly in order to appropriately address any new or previously uncontrolled risks.