On the other hand, Haugen and Selin in their study discussed the value of “internal” controls, which depends largely on management’s integrity and the ready
availability of computer technology, which assisted in the commitment of crime. Sharma and Brahma emphasized on “bankers” responsibility on frauds; bank frauds could crop-up in all spheres of bank’s dealing. Major cause for perpetration of fraud is laxity in observance in laid-down system and procedures by supervising staff. Harris and William , however, examined the reasons for “loan” frauds in banks and emphasized on due diligence program. Beirstaker, Brody, Pacini in their study proposed numerous fraud protection and detection techniques. Moreover, Willison examined the causes that led to the breakdown of “Barring” Bank. The collapse resulted due to the failures in management, financial and operational controls of Baring Banks.