Analytical Internal Audit Techniques and Cyber security Scans of Fraud Control: Evidence from Nigerian Listed Consumers Goods Firms

The study investigated the relationship between Analytical internal audit techniques and Cyber security scans of
fraud control in listed consumer goods firms in Nigeria. Nomothetic (quantitative) Philosophy was adopted while
the cross-sectional survey research design was adopted. The population of the study was twenty-one (21) listed
consumers’ goods companies on the Exchange as at June, 2022. Using purposive sampling technique 11 of the
companies was selected for the study and one hundred and sixty-five (165) copies of questionnaire were used for
data gathering. Primary data was used for the study. Construct and face validity were used to establish the validity
of the instrument, while Cronbach’s alpha coefficient was used to ascertain reliability of instruments. A value of
0.984 was obtained for all constructs hence the reliability was ascertained. Univariate and Bivariate analysis were
done. Pearson’s Product moment correlation coefficient (PPMC) Statistics was used for data analysis with the aid
of SPSS. The result of the study shows that Analytical technique has a strong, positive and significant relationship
with Cybersecurity scans of listed consumer goods manufacturing companies in Nigeria. The study concluded that
Analytical technique of internal audit technique has a significant relationship with Cybersecurity scans method of
fraud control in listed consumer goods firms in Nigeria, thus implies that internal audit technique adopted could
either make or mar the fraud control and preventive measures in place in the firms and could undermine the
actualization of objectives of the frim. The study recommended that Management of listed consumer goods firms
should adopt the analytical internal audit technique in addition to their traditional audit technique so that fraud
control measures would be effective in tackling fraud, Fraud control measures such as cybersecurity scans among
others should be adopted by the firms as a way of fraud prevention, There should be regular review and checking of
IT systems, servers and other ICT to ensure that controls are in place and vulnerability to use as means of fraud are
controlled. In addition, Management should ensure that the internal auditors acquire the requisite techniques and
skills in computer operations and electronic data and other digital systems that enhances audit exercise especially to
enable them able to carry out analytical procedures.