Asia Pacific Fraud Journal (APFJ - Association of Certified Fraud Examiners, ACFE)
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Implementation of Regulatory and Supervisory Policy Authority in the Establishment of Internal SOP Against Credit Fraud in Indonesian Banking
Get PDFBanking is one of the drivers and centers of a country's economy. Based on the authority they have, it is not surprising that the risk held by banks is very high. Therefore, banking is one of the business sectors that have very strict supervision. This paper discusses how the implementation of regulatory policy authorities applicable in Indonesia related to the establishment of internal banking Standard Operating Procedures (SOPs) in minimizing the potential for credit fraud and how internal and external supervisory authorities can become benchmarks in supporting the creation of anti-fraud policies, especially in credit fraud. There are two main factors that can create a potential credit fraud chain that leads to financial statement fraud: first, delays in updating regulatory policies; and second, ineffective and insensitive internal and external banking supervision. In addition, there needs to be a certain regulatory policy that deals with credit fraud, whether issued by the government, Bank Indonesia, OJK or internal Banking SOP itself
INDONESIAN NATIONAL POLICE'S ANTI-CORRUPTION FUNCTION AND ECONOMIC DEVELOPMENT
Get PDFEconomic development relation with corruption and anti-corruption have been a long discussion. The research shall try to know about the works of anti-corruption function of the INP and its contribution to economic developpment. This research explores the works of the Directorate for Corruption Crime and how the works is connected to national economic development. Anti-corruption works of the INP are contributing to economic development through several ways. Firstly, the directorate does its main job in investigating corruption cases. Corruption case investigation has additional task on how on finding assets of prepetators as retribution of state loss caused by corruption. Secondly, the directorate is mandated as police unit which is advanced as free from corruption area sample within police force. Thirdly, the directorate is assigned as the part of INP integrity enforcer of the INP to investigate corrupt police officers. Number four, anti-corruption directorate is appointed to assist the Chief of INP in any of anti-corruption issue that need INP contribution on it, especially on prevention matter. However, the works,are not well supported by addequate infrastructures. By this understanding, actors who are involving on giving technical assistance for strengthening law enforcement agencies, hopefully, will contributte better toward contries' anti-corruption measures through the improvement of their anti-corruption functions
THE EFFECT OF FEE AND MOTIVATION ON CORRUPTION ERADICATION USING KPK PERFORMANCE AS THE INTERVENING VARIABLE
Get PDFThis research aims to find out the effect of fee and motivation on the eradication of corruption. Rewarding or giving fees has been set in Government Regulation Number 43 of 2018 concerning procedures for involving community participation and awarding in the prevention and eradication of criminal acts of corruption. Based on the Government Regulation No. 43 of 2018, those who provide information to law enforcers regarding allegations of corruption will get awards in the form of charter and premiums, or also called fees/rewards, ranging up to a maximum of IDR 200 million. In addition, certain motivation will also influence community to play a role in eradicating corruption.This research uses qualitative data or primary data obtained through questionnaires distributed to the public, economic observers, and practitioners. Data testing is done using Data Path analysis with Smart PLS. The number of valid and reliable sample data to be analyzed is as many as 40 samples. The results of this research show that fees/rewards have a positive and significant effect on corruption eradication. Motivation has a negative and not significant effect on corruption eradication. The variable of fees/rewards has a positive effect on corruption eradication mediated by the KPK performance. Motivation has a negative effect on corruption eradication mediated by the KPK performance. In this digital era,with super-sophisticated technology, the millennia generation has a very critical mindset in assessing the performance of the KPK. The Corruption Eradication Commission (Indonesia: Komisi Pemberantsan Korupsi/KPK), however, can provide confidence to the public that the community participation will make it easy for the KPK to carry out its work
ROOT CAUSE ANALYSIS USING FRAUD PENTAGON THEORY APPROACH (A CONCEPTUAL FRAMEWORK)
Get PDFFraud and corruption are two types of crimes that can harm others. According to Transparency International, the perceived level ofpublic sector corruption in Indonesia was ranked 89 out of 180 countries in the world in 2018. Seeing this condition, more attention should be paid to the prevention and deterrence process to reduce the more losses. This study aims to develop a conceptual framework for fraud prevention and deterrence by developing root cause analysis using the pentagon fraud approach. Through a literature review, researcher tries to combine root cause analysis with fraud pentagon, called RCA-FP Matrix (Root Cause Analysis - Fraud Pentagon Matrix) as an effective tool to prevent and deter fraud and corruption. This study also provides an example of the application of RCA-FP Matrix. First, determining the list of root causes associated with Fraud Pentagon; second, choosing one of the causes, as the root cause of fraud findings. In this study, fraud findings are calculated based on account numbers. Finally, the frequency of all causes can be counted, and the main root causes can be found. The results using the RCA-FP matrix show that there aredifferent dominant causes in different regions. Capability is the most frequent case in company-wide. The RCA-FP matrix can be applied in all types of industries and government agencies. As an anti-fraud measure, the RCA-FP Matrix can be adjusted according to the nature of the organization
FRAUD AND WHISTLEBLOWING IN THE MANAGEMENT OF STUDENT FUNDS
Get PDFThe aim of this study was to find out whether there is the potential for fraud and whistleblowing in the management of student funds as a way to detect fraud in universities. The type of research used in this study was descriptive qualitative research. Data collection was done through interviews, observation, and documentation. This study was conducted at one of universities located in Central Java by describing several variables including fraud, whistleblowing and management of student funds.. The data was analyzed using fraud triangle framework and the fraud scheme based on the ACFE classification. The results of this study show that in the management of student funds there was the potential for fraud, such as misuse of financial statements and corruption. There was indication of fraud, but it did not happen. Potential for whistleblowing was not found because they assume that if fraud occurs it is better to discuss it in a family manner and will not report it
THE USE OF BENFORD’S LAW IN PERFORMANCE AUDIT TO DETECT FRAUD IN THE STATE EXPENDITURETRANSACTIONS ASSISTED BY IDEA SOFTWARE (A Case Study at the Transportation Ministry Work Units)
Get PDFThe aim ofthis study was to determine the use of Benford's Law in Performance Audits todetect fraudin state expenditure transactions assisted by IDEA Software,a case studyat several Work Units of the Ministry of Transportation. The research method used was descriptive qualitative and direct experiment. This researchwas conucted while the researcher wascarruing outperformance auditat three work units of the Ministry of Transportation. The researcher used IDEA Software to analyze the financial transaction data according to Benford's law. Based on the results of the research, the right type of state expenditure to be analyzed using Benford law isgoods expenditure.In addition,Benford’s Law can be used in performance audits to determinestate expenditure transactions that are indicated fraud with the success rate of ranging from 20% to 50%t. Transactions that appear are not in accordance with Benford's law
THE EFFECT OF AUDITOR’S COMPETENCE AND INDEPENDENCE ON INFORMATION SYSTEM AUDIT QUALITY
Get PDFUsers of financial statements always rely on the results of audits conducted by competent andindependent auditors because the audits are carried out through quality processes and efforts. Competent and independent auditors are needed to obtain quality audit results. Because most modern information systems use information technology, the information technology audits become an important component in all external and internal audits. This study aims to examine the effect of auditor’s competence and auditor’s independence on the information systems audit quality. The research sample used in this study is external auditors working in public accounting firms in West Java. The statistical test instrument used is a multiple regression test. The results show that the auditor's competence has an effect on information systems audit quality, while the auditor’s independence has no effect on information systems audit quality
ANALYSIS OF RITA WIDYASARI’S GRATIFICATION CASE IN THE STUDY OF ORGANIZATIONAL SOCIOLOGY AND POLITICAL SOCIOLOGY
No full textKutai Kartanegara Regency is one of regencies in East Kalimantan, Indonesia. The capital city is located in Tenggarong Sub-district. Kutai Kartanegara Regency has an area of 27,263.10 km², with sea area of approximately 4,097 km², which is divided into 18 sub-districts and 225 villages with a population of 626,286 (2010 census). Geographically, Kutai Kartanegara Regency is located between 115° 26'28" East Longitude - 117 ° 36'43" East Longitude and 1° 28'21" North Latitude - 1° 08'06" South Latitude
INCIDENCE AND ROOT CAUSE OF UPCODING IN THE IMPLEMENTATION OF SOCIAL HEALTH INSURANCE IN RURAL PROVINCE HOSPITAL IN INDONESIA
Get PDFUpcoding is one of important indicators of moral hazard and fraud in Social Health Insurance scheme. However, there seems to be little evidence about incidence of upcoding and how upcoding occurs in hospital, especially in rural province hospital. The objective of this study is to determine incidence and root cause of upcoding in the implementation of Social Health Insurance in Rural Province Hospital in Indonesia. The data used in this study were both qualitative and quantitative data (mixed method). Three hundred and sixty (360) inpatient medical records from six rural province hospitals were examined in this study. Diagnosis and procedure codes recorded in these medical records were re-coded by an independent senior coder (ISC). Codes from hospitals’ coders and codes from ISC were then re-grouped using INA-CBG casemix grouper to determine the casemix groups and the hospital tariffs. If the hospital tariff obtained by hospital coder is higher than that obtained by ISC, it is considered as upcoding. This qualitative study was conducted using Focus Group Discussion (FGD) and in-depth interviews in hospitals located in a rural province of Indonesia. In depth interview was held for two hospital directors and two officers from the Social Security Administrator (Indonesia: BadanPenyelenggaraJaminanSosial/BPJS), an agent that manages the Statutory Health Insurance (SHI). Six clinicians and six coders attended the FGD. We asked open-ended questions about their perceptions on upcoding in hospitals. The interviews were recorded and transcribed verbatim. The transcripts were then thematically analyzed. Upcoding cases were found in 11.9% (43/360) medical records. Upcoding cases were dominated by Deliveries Group 2.8% (10/360) and Female reproductive system Groups 1.7% (6/360). The potential loss of income due to upcoding was IDR 154.626.000 or 9% of hospital revenue. Appointment of non-medical doctors as internal verifiers, lack of clear coding guidelines, lack of training for doctors and coders, and poor coordination between hospital and BPJS to resolve coding disagreement were root causes of upcoding in hospital. Policies to prevent and manage upcoding should be urgently developed and implemented in the Statutory Health Insurance (SHI) program in Indonesia especially to prepare upcoding guidelines, enhance medical coding trainingregularly, increase number of coders and verification staff from medical background, and strengthen coordination for coding problem solving in hospital