There has been a lot of debate among the researchers and no general consensus on what motivates an individual to blow the whistle. However, at least a result of a study entitled The [...]
One of the important lessons in the biggest fraud case in Europe that occurred in Danske Bank was the importance of companies investigating whistleblower reports. If Danske Bank had investigated [...]
There is no doubt that whistleblowing hotline is an important element in a company and organization, especially in countries where corruption risks are high. However, having a reporting tool does [...]
Based on 2018 Report to the Nations: Global Study on Occupational Fraud and Abuse, industries that were affected by occupational fraud most frequently are banking and finance services, [...]
Fraud does hit any kind of business no matter what kind of industry it is. Grab and Go-Jek, two giant platforms in the ride-sharing industry have experienced the loss due to fraud. The tight [...]
Based on PricewaterhouseCoopers’ Global Economic Crime Survey report in 2007, the average total financial loss per company due to fraud was USD 3.2 million. Meanwhile, Global Fraud Survey by [...]
Fraud becomes a classic problem, even a silent killer for a company. Although every company claims that they were free of fraud, but in reality, no company is completely free from fraud threats. [...]
Internal controls are sometimes not enough to detect a fraud. A survey conducted by Price Waterhouse Cooper in 2007 found that professional auditors were only able to detect 19% of frauds that [...]
Fraud risk is universally faced by all size of organizations. Unfortunately, these threats often come from dishonest people who have been hired by the companies to carry out their businesses. [...]
Fraud, unethical behaviors, or dishonest activities within a company cannot be avoided completely. However, they can be minimized when it provides a formal reporting policy such as a [...]
