Applying Fraud Risk Management
December 14, 2009
Fraud is a legal concept that refers to acts done intentionally to gain unfair advantage or illegal. Meanwhile, the misconduct is also a broad concept that generally refers to the violation of the law, regulation, internal policies and business ethics. Both, fraud or misconduct within the category of risk that could destroy the company’s reputation and public trust.
But fraud and misconduct would not occur only on the financial crisis alone, but whenever there is an opportunity for. During the control is still lacking, then the perpetrators of fraud will be able to find a gap to do what he wants. Therefore, companies need to implement strong controls. Fraud Risk Management is the solution. Read more