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 [...]

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 [...]

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, fraud can occur within the scope of educational institutions and even research institutions. Fraud in higher [...]

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 [...]

Fraud can occur in any organization, including educational institutions. If you want to find out how bad a fraud scandal might be in an educational institution, then Bad Education can provide the picture nearest to the reality. Bad Education is a film based on a true story of one of the largest [...]

The Most Dangerous Trade: How Short Sellers Uncover Frauds, Keep the Market Honest, and Make and Lose Billions. This 299-page book tells the dark side of the stock market world where traders profit from falling stock prices. If a trader generally takes advantage of an increase in the price of a [...]

The pressure of achieving business targets under the global crisis may drive employees to falsify financial statements.  An executive level employee may make a falsified financial statement to hide the company’s bad financial circumstances due to significant unachieved business targets. Or an [...]

While the Covid-19 pandemic has caused economic upheaval, it has also brought concerning issues in compliance, primarily with anti-bribery, for the surviving companies. The unstable situation may drive companies to put profit over compliance as their main priority because of the tight budget, [...]

Extreme disruption in the business world due to the pandemic has left many companies around the world to be even more susceptible to fraud than ever.  The slowing down of the global business wheel has forced many companies to shutdown. Whereas the lucky ones have cut their spending to operate [...]

A large number of companies of all sizes from around the globe cannot cope with the pandemic and have had no choice but to shutdown their businesses. This situation has left surviving companies to quickly seek alternative third parties, with only a few options to choose from. The limited [...]