The Covid-19 pandemic increases the threat of fraud more than ever before. Where sales have become one of the business process areas that are exposed to the threat of fraud. How does fraud occur in sales and what can we do to prevent it? In a webinar titled " There is...
Report to The Nation 2020 notes that the category of asset misappropriation ranks first as the most frequent occupational fraud, with a percentage of 86%. In this category, there are several methods used by fraudsters. The most frequently used methods are billing schemes which count as 20% of these cases,...
In 2019, Garuda Indonesia airlines were proven to have manipulated their financial statements. As reported by Okezone.id, the Garuda Indonesia Group posted a net profit of USD 809.85 thousand or equivalent to Rp11.33 billion. This figure jumped sharply compared to 2017 when they suffered a loss of USD 216.5 million....
What is a conflict of interest? Merriam-Webster defines the terminology of conflicts of interest as a conflict between the private interests and the official responsibilities of a person in a position of trust. For example, the latest case is where one of the Indonesian government's presidential expert staff who also...
On April 1, 2019, White House Security Adviser Tricia Newbold revealed that there were serious violations in the administration of security permits against a number of US President Donald Trump's staff. As reported by AFP and Sky News, the refusal of granting permission to access confidential documents is related to...
Higher education institutions are often seen as hubs of advanced ethical thinking, so the idea that universities can also commit fraud is hard to believe by our community. In fact, cheat can occur within the scope of educational institutions and even research institutions. Fraud in higher education institutions According to a study...
Report to The Nations 2020 Global Study on Occupational Fraud and Abuse released by ACFE found that organizations lose 5% of their revenue every year due to occupational fraud. If projected towards the Gross World Product in 2019 of 90.52 trillion US dollars, the percentage of loss is equivalent to...
