Investigating Employees’ Views on Fraud Awareness and Anti-Fraud Strategy

Abstract

The purpose of this study is to analyze the implementation of an anti-fraud strategy and to find out the level of fraud awareness of employees in PT XYZ, one of the selfregulatory organization in Indonesia. The focus of this study is the implementation of fraud prevention, detection, and response strategies in PT XYZ, and analyzing employees' perceptions on the motivating factors of fraud and implementation of anti-fraud strategy in the company as part of fraud awareness. Findings show that PT XYZ has been implementing the anti-fraud strategy effectively because of the implementation of organizational value and culture in every aspect, as well as the implementation of internal control and good corporate governance practices. In addition, the implementation of anti-fraud strategy in PT XYZ is executed as an effort to implement good corporate governance. These findings suggested that the company has been operating as predicted by the stewardship theory for fraud awareness. However, the method of fraud training in PT XYZ is more focused on the implementation of good corporate governance instead of on explicitly delivering the definition of fraud and ways to control it. Moreover, a method of socialization of organizational value, code of conduct, corporate governance, and regulations have been shifted from conventional socialization methods to digital access through Human Capital Information System by the employees themselves.

Whistleblowing System: The Effective Solution to Prevent Financial Accounting Fraud?

“…Various surveys on fraud have revealed that a whistleblowing system and internal company management play a vital role in supporting the growth of integrity and good corporate governance. Implementing a whistleblowing system not only promotes internal transparency but also provides protection and encourages employees to report fraudulent practices, thereby aiding in the early detection and prevention of fraud (Astriana & Adhariani, 2019;Nwakeze et al, 2023). In Indonesia, although the concept of a whistleblowing system is relatively new, awareness of its existence and importance continues to grow among companies, both private and government-owned, such as WIKA, Bank Indonesia, Sinar Mas, and Pertamina, demonstrating its effectiveness in maintaining workplace safety and protecting company profits and reputation (Meiryani et al, 2023).…”

Evaluasi Peranan Audit Internal pada Penerapan Strategi Anti Fraud

“…Sebagai salah satu strategi pengurangan fraud yang dianjurkan untuk dilakukan, strategi anti fraud terdiri dari 4 (empat) pilar yaitu pencegahan; deteksi; investigasi, pelaporan, dan sanksi; serta pemantauan, evaluasi, dan tindak lanjut yang sesuai dengan ketentuan Peraturan Otoritas Jasa Keuangan Nomor 39/POJK.03/2019 (Otoritas Jasa Keuangan, 2019). Namun beberapa penelitian mengenai strategi anti fraud yang sudah dilakukan oleh peneliti sebelumnya [Astriana & Adhariani (2019); Murti & Kurniawan (2020); Roemkenya & Bayunitri (2021);Agustina et al (2021); dan Aziz & Othman (2021)] hanya mengangkat salah satu pilar atau beberapa pilar strategi saja. Penelitian mengenai strategi anti fraud yang langsung membahas keempat pilar tersebut dalam satu penelitian belum banyak dibahas.…”