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...
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,...
A credit check is an objective and thorough examination of the historical credit report of the candidate/employee as part of the screening process. In Indonesia, credit history is only and legally issued by the Financial Services Authority of the Republic of Indonesia (OJK). In addition to criminal checks, drug tests, and...
Conflict of interest is intrinsic to human life and is often the root cause when it comes to fraud cases that involve corruption and bribery. According to Transparency International, a conflict of interest is a complex and sometimes ungraspable concept. Merriam-Webster defines the terminology as a conflict between the private...
We are often surprised by the fraudsters. Who would have thought colleagues or partners who had been good, trustworthy, not have a criminal record, was able to commit fraud that harms many parties. The question then arises "why did they do that?" For decades, forensic accountants and fraud examiners questioned the...
Fraudulent activities involving forged signatures pose a significant threat to both individuals and organizations. This deceitful practice carries serious legal and financial implications, often leading to substantial losses for victims. Signature forgery can target various types of documents, including contracts, bank checks, financial statements, and invoices. The financial losses resulting from...
Artificial intelligence, “Big Data”, robots, the Internet of Things, and blockchain have altered the rules of the game, putting intelligence communities throughout the globe at a crossroads. The proliferation of these technologies, the bulk of which are civilian, might result in data breaches and pose a threat to intelligence agencies. Recent...
The development of the digital world has brought about various changes, including the circulation of counterfeit drugs. As information becomes more accessible on the internet, an increasing number of methods of advertising and selling counterfeit drugs are carried out anonymously by various people. In reality, this is nothing new. Since 2013,...
The development of the digital world has brought about various changes, including the circulation of counterfeit drugs. As information becomes more accessible on the internet, an increasing number of methods of advertising and selling counterfeit drugs are carried out anonymously by various people. In reality, this is nothing new. Since 2013,...
Whistleblowing systems play a crucial role in detecting misconduct and promoting ethical behavior within organizations. However, in reality, the very act of “blowing the whistle” can put whistleblowers at great risk. Among other risks, those who choose to disclose misconduct may experience retaliation, harassment, or other professional repercussions. Given the risks,...
