Internal controls play an important role in preventing fraud in any company. According to ACFE's 2014 Global Fraud Study, a lack of internal controls is a major contributing factor to nearly one-third of fraud cases. As the saying goes, 'No rose without a thorn,' even though your company has tried to set the...
Hiring senior-level employees is a different level of challenge as compared to hiring other employees, as the position plays a strategic role in a company. Bad hiring decisions at the senior level can have a ripple effect not only from a monetary aspect but also on morale and reputation. An example would be Yahoo's...
The urgency to combat the trafficking of counterfeit and pirated goods in the United States has led to the issuance of the U.S. President’s Memorandum on Combating Trafficking in Counterfeit and Pirated Goods on 3 April 2019. Subsequently, on 24 January 2020, the Office of Strategy, Policy & Plans of...
There are many forms of fraud in education, ranging from contract cheating, bribery, plagiarism, and falsifying acedemic credentials. Fake academic degrees are only a small part of the rampant spread of false academic credentials in Indonesia. The last case that was raised by the media was a forged post-graduate diploma...
The 2nd Indonesia Edutech Expo 2020 with the theme of Educational Technology Implementation 4.0 was officially opened on Thursday (6/2/2020). The event, which was held in conjunction with the 29th Indonesian International Education & Training Expo, was supported by the Ministry of Education and Culture, the DKI Jakarta Provincial Education...
Evidence is an essential aspect of fraud investigation. Once a company receives a report and finds strong indications of fraud, the first step is to preserve all the potential evidence at the scene while awaiting further handling by a professional investigator. Potential evidence could be non-digital or digital. Potential digital evidence, could be documents, pictures,...
Email scams targeting companies are increasingly rampant. This mode of fraud is known as business email compromise (BEC). The latest FBI release stated that throughout 2019 BEC attacks have caused organizations to lose 1.77 billion US dollars. The report also received 23,775 complaints related to BEC. BEC case in Indonesia The Directorate of Cyber Crime...
The whistleblowing system has been gaining recognition as a tool that could be used for the early detection of frauds - misconduct, corruption, bribery, and other unethical behaviors - by public and private organizations across the globe. However, despite guaranteeing anonymity of the whistleblowers, frauds still remain untold due to...
Fraud is a global problem that is found across different countries, cultures, ideologies, and organizations. In Indonesia, corruption is a common category of fraud work and is by far the most destructive. Based on the survey conducted by the Indonesian Fraud Examiner Association (ACFE) Chapter and the Center for Research and Prevention of White...
As the title Anatomy of a Fraud Investigation suggests, this book contains the detailed stages of the investigation process and an in-depth analysis of a real fraud case that has been handled by the author. These stages are divided into ten sections in this book, namely; First Indication, The Importance of...
