| dc.description.abstract | The study focused on commercial banks in Kenya, as they are dependent on technology
in carrying out their banking operations. The reliance on technology has resulted to
numerous challenges such as multiplicity and complexity of systems, insider security
threats, as well as more exposure to fraud risks. Thus, the need for this study arose, and it
aimed to find ways of curbing the various types of IT-related risks and challenges. The
study sought to determine the extent of IT related fraud in Kenyan commercial banks, to
establish the challenges faced during IT auditing by the IS auditor, to establish the
countermeasures implemented in preventing fraud through IT auditing and to determine
the relationship between IT auditing and fraud prevention. The study made use of the
descriptive survey design. Questionnaires were used to gather data from IS auditors of
various commercial banks in Kenya. Statistical methods such as mean, standard
deviation, factor analysis and regression analysis were utilized to analyze the data
collected from the respondents. From the findings, it was evident that banks had
encountered IT-related fraud. As a result, IS auditors utilize different IT audit approaches
and mitigation strategies in the detection and prevention of fraud and most of the
respondents concurred, to a great extent, that there is a relationship between IT audit and
fraud prevention. It was however noted that most IS auditors did not possess the right
tools to perform effective IT audits. This largely inhibited the effectiveness of detecting
fraud early. In this regard, it is imperative that banks put in place mitigation strategies to
help reduce the prevalent fraud risk. Banks should also ensure that IS auditors are well
equipped with tools to effectively perform their duties. Further, IS auditors should
perform appropriate risk assessments when planning for IT-audits on areas that may be
affected by frauds. | en |
