Occupational fraud may take the form of conflict of interest, bribery, embezzlement, asset misappropriation, collusion, etc and have caused a loss of 5% of revenue every year according to the 2020 Report to the Nations. To prevent the tremendous amount of losses and in order to recover losses, [...]

Resiliency is achievable and should be a goal for every corporation. One of the ways to achieve this is by implementing Anti-Bribery Management System. The ugly reality that every corporate should face is that fraud cannot be one hundred percent eliminated. There is always a risk for fraud to [...]

Cases of embezzlement of customer money are rife. The latest case is of the disappearance of a savings account belonging to an esports athlete, Winda D Lunardi. According to merdeka.com report (6/11), there has been a disappearance of Rp20 billion in savings and the police named the branch head [...]

Written by James Youngblood CPP CFE, this 327-page book comprises of five sections, which are Internal employee theft and fraud (non-retail organization), Understanding fraud / theft in the franchisee / franchisor industry, Understanding fraud / theft in the retail industry, External Fraud / [...]

According to Survei Fraud Indonesia 2019, it was revealed that finance and banking industries were most disadvantaged by fraud. Although the report does not mention in detail the types of fraud that occurred, based on information from an experienced investigator, Rachel Vamos, CFE , to Fraud [...]

Employees are an important company asset. It is imperative for companies to be able to manage employees well, including involving employees in managing fraud risk. Based on the 2019 Indonesian Fraud Survey report, reporting is the most effective method of disclosing fraud and most fraud cases [...]

Fraud takes various forms; misuse of assets, bribery, embezzlement, collusion, falsification of financial reports, corruption, and others. It is a latent danger that can threaten an organization’s economy, even a country’s. The 2019 Indonesian Fraud Survey report published by ACFE [...]

To survive and grow in this constantly changing world, organizations are demanded to prove their reliability and trustworthiness. Meanwhile, corruption and bribery remain as major threats for organizations. A report entitled “The World Economy on a Tightrope” compiled by the OECD said that [...]

Organizations have been relying on external auditors to ensure the accuracy of financial statements as well as their compliance with law and regulations. However, many cases of financial statement issues involve fraudulent activities. The external auditors do check the integrity of the [...]

Recognizing earlier red flags is critical in mitigating fraud risk. According to Report to The Nations 2020, 85% of all fraudsters displayed at least one behavioral red flag while committing their crimes. There are seven common behavioral red flags: (1) Living beyond means (2) Financial [...]