Fraudsters always show certain behavior in carrying out their actions. Behaviors that are indicative of fraud are also called red flags. Based on the results of a survey conducted by Report to the Nation 2020, there was at least one red flag behavior that was carried out by the perpetrators in...
Often, fraud is committed by employees, managers, and third parties. However, company owners or executives can also commit fraud. Even though it only ranks third among fraud perpetrators at 20% of fraud cases, the Report to the Nations 2020 shows that executive fraud or fraud committed by executives has caused...
The dispute between a public figure and a businessman over the ‘Geprek Bensu’ brand has been making headlines recently. The similarity of the brand in terms of design and logo, has caused these two parties to sue each other for the Intellectual Property Rights (IPR) of the brand. The trademark dispute...
In May 2018, for the first time the Corruption Eradication Commission (KPK) established a corporation as a perpetrator of money laundering. KPK named PT Putra Ramadhan or PT Tradha as a corporate suspect. The corporate suspect is a continuation of the investigation of Muhammad Yahya Fuad as the corporate’s controller who...
Some court cases often take a considerable amount of time and could often result in failure due to the lack of required resources. This lack of evidence could possibly make the client fail to win their cases. Therefore, lawyers are always looking for ways to provide solutions and their best...
The fraud risk matters for all companies and organizations, including nonprofit organizations. Data from Report to The Nation 2020 shows that fraud cases recorded as many as 191 cases with corruption cases taking first place as much as 40% and were followed by billing and cost reimbursement cases. The estimated non-profit...
The COVID-19 Pandemic has caused a tremendous impact on businesses through various facets. Travel bans and working from home is a new reality faced by companies around the world. Pressure to achieve sales targets as well as relaxed internal controls has opened opportunities for increased fraud in the midst of...
The International Labor Organization estimates that 25 million jobs are threatened by a pandemic. This pandemic also caused 4 out of 5 of the world's workforce - around 2.7 billion workers - to be affected by the economy. While in Indonesia, the Central Bureau of Statistics Republic of Indonesia (BPS) also...
Every company, both small and large scale, certainly has the risk of fraud, especially occupational fraud. Based on data from Report to the Nation 2020, there are three categories of occupational fraud, which are asset misappropriation, corruption, and financial statement fraud. Detection method for occupational fraud Detection is an important concept...
Written by two senior writers from Fortune magazine, The Smartest Guys in the Room provides the historical background and comprehensive analysis of the success and destruction of the Enron company. Enron is a large company in the United States that engaged in the development of natural resources, especially natural energy, such...
