Investigating Fraud and Corrupt Practices in Indonesia (original) (raw)
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Forensic accounting and fraud prevention in Indonesiapublic sector
Journal of modern science, 2018
Today, forensic accounting is a highly talked about topic all over the world and is the fastest growing area of accounting. The importance of professional forensic accountant cannot be over emphasized, especially to the public sector. The purpose of this study is to examine forensic accounting as a tool for fraud detection and prevention in the public sector organizations with particular reference to Indonesia. Both primary and secondary sources of data were appropriately used. 200 questionnaires were administered to staff of four (4) ministries in Indonesiawhich included into the top 10 of integrity survey of public sectorheld by Corruption Eradication Commission (KPK), along with interviews conducted with those ministries out of which 173 were filled and returned. Tables and simple percentages were used to analyze the data. The statistical tool used to test hypotheses was Analysis Of Variance (ANOVA). Among the findings was that the use of forensic accounting do significantly reduces the occurrence of fraud cases in the public sector. Therefore the use of forensic accountants can help better in detecting and preventing fraud cases in the public sector organizations in Indonesia. (Study in Indonesia Ministry which included as the biggest 10 indicatef by the result of public integrity survey by Indonesia anti-corruption commission).
Forensic Accounting as Antibiotic for Pressing Corruption Infection in Indonesia
Journal of Economics, Business & Accountancy Ventura, 2017
Effectiveness of corruption cases aimed at making the corrupt severely punished in a court of corruption and bring the deterrent effect for public officials who intend to engage in corruption. This study aims to explain the depth of the role of forensic accounting as well as how it applied in the handling and disclosure of corruption cases in Indonesia. The hope of forensic accounting can be accepted and applied by all auditors general inspectorate at the ministry/government agencies at both central and local levels, so that corruption can be detected early on using the science of forensic accounting. This study uses a qualitative methodology with an interpretive approach, with key informants from the Directorate Investigator and Special Economic Crime, the Criminal Investigation Police, KPK, as well as the Financial and Development Supervisory Agency. The result of this study indicates that the forensic accounting interpreted as potent antibiotics to suppress the rampant corruption in Indonesia. Investigation method often used investigator/auditor using forensic accounting knowledge to produce valid evidence in court corruption, including documentary evidence of the state audit the calculation of financial loss and statement of experts (auditors) in the corruption trial.
Zenodo (CERN European Organization for Nuclear Research), 2022
The purpose of this study is to explore and analyze: (1) the application of forensic accounting can be applied and function effectively in fraud prevention (preventive); (2) the application of valid and effective forensic accounting for fraud detection (detectives); and (3) the implementation of valid and effective investigative audits for the functioning of fraud investigations (repressive) in the management of regional finances.The analytical method used is a qualitative descriptive method that examines the participant's perspective and some information from key informants through in-depth interviews and additional question instruments using purposive sampling, then triangulates the data obtained by sources and collection techniques for interactive analysis by reducing, presenting in the form of narrative text, tables, matrices, charts, then conclusions are drawn.The results of the research and analysis state that forensic accounting can be applied and functions effectively to be applied in preventing fraud (preventive) in regional financial management through FCP, SPIP and SIMDA; forensic accounting also applies and functions effectively to be applied to fraud detection (detectives) in regional financial management through Operational Audits, Government Goods and Services Procurement Audits (Probity Audit), EDP Audits: Computer Forensics, and Whistleblower System; and the Investigative Audit Function is very applicable and effectively applied to fraud (repressive) investigations in regional financial management through investigative audits, in order to calculate losses on state financial audits, and provide expert witnesses.
Journal of Governance and Regulation
This study aims to develop a fraud disclosure model for corruption cases in the local government environment in Sulawesi through forensic accounting and investigative audits with internal auditor skepticism as moderating. Forensic accounting and investigative auditing are a series of relationships in the examination of fraud. Fraud becomes the main object that is fought in forensic accounting and is proven in investigative audits. This research was conducted by distributing questionnaires to all auditors at Finance and Development Supervisory Agency or Badan Pengawasan Keuangan dan Pembangunan (BPKP), Audit Board of the Republic of Indonesia or Badan Pemeriksa Keuangan (BPK), and internal auditors at Social Security Agency or Badan Penyelenggara Jaminan Sosial Kesehatan (BPJS Kesehatan) throughout Indonesia. The number of respondents whose opinions can be used for this study amounted to 118 questionnaires. The results showed that forensic accounting can reduce the level of disclosur...
Qalaai Zanist Scientific Journal, 2020
This paper aims to identify the effect of forensic accounting techniques in detecting (and preventing) corruption and fraud and identify the skills that required for Forensic Accountants in detection and combating the practices of corruption and financial fraud. To achieve the objectives of the study was developed questionnaire included (22 questions) distributed on 63 professionals accounting (external auditors) in the Kurdistan Region Iraq, The researchers reached a number of conclusions after analyzing questionnaire's questions. The most important of these conclusions is that the Using Forensic
FINANCIAL INVESTIGATION AND FORENSIC ACCOUNTING TO AVERTING OF CORPORATE FRAUD
Financial investigation and Forensic Accounting have been in focus in recent years mainly due to an excess of frauds that have taken place in the corporate sectors. The value of frauds executed in these sectors has been very large and caused severe financial strain on individuals, corporations and the government. Many of these financial frauds could have been detected earlier and possibly avoided by the use of forensic accounting techniques. The aim of this study is to determine the financial investigation and Forensic Accounting to averting the frauds and misrepresentations in the corporate houses. The study attempts to identify the cause of frauds, the psychology of the typical fraudster, the warning signs of an impending or recurring fraud and measures to detect and prevent frauds. An analysis is made of Forensic Tools that can analyze data and detect unusual events that could act as an indicator of frauds. The study seeks to establish the forensic practices in vogue in the industry and its usage among the various professional categories of accounting professionals. The prospects of the profession, the educational and training requirements are also evaluated. The study also uses a high level forensic tool in a case study into the major Indian Cement companies to detect whether prima facie there has been a likely manipulation of the books of account.
The Role of Forensic Accounting in Fraud Detection and National Security
2013
This study aims at exploring the relevance of forensic accounting in curbing crime and corruption in public sector. The objective of the research work is to explore the role forensic accounting can play in the fight against corruption via the application of investigative skills, in addition to provision of litigation support services, documentation, and reporting. The population used in the research was the Federal Inland Revenue Service (FIRS). The research design employed was the survey research. Data was majorly collected from primary sources. The hypothesis testing in this research work was done using regression analysis. The result of the empirical findings shows that forensic accountants are relevant in investigating crime and corruption in the public sector. Forensic accountants play a role in litigation support services in the public sector and are relevant in documentation and reporting. It was observed that forensic accounting plays a significant role in curbing crime and ...
FINANCIAL INVESTIGATION AND FORENSIC ACCOUNTING TO AVERTING OF CORPORATE FRAUD.pdf
Financial investigation and Forensic Accounting have been in focus in recent years mainly due to an excess of frauds that have taken place in the corporate sectors. The value of frauds executed in these sectors has been very large and caused severe financial strain on individuals, corporations and the government. Many of these financial frauds could have been detected earlier and possibly avoided by the use of forensic accounting techniques. The aim of this study is to determine the financial investigation and Forensic Accounting to averting the frauds and misrepresentations in the corporate houses. The study attempts to identify the cause of frauds, the psychology of the typical fraudster, the warning signs of an impending or recurring fraud and measures to detect and prevent frauds. An analysis is made of Forensic Tools that can analyze data and detect unusual events that could act as an indicator of frauds. The study seeks to establish the forensic practices in vogue in the industry and its usage among the various professional categories of accounting professionals. The prospects of the profession, the educational and training requirements are also evaluated. The study also uses a high level forensic tool in a case study into the major Indian Cement companies to detect whether prima facie there has been a likely manipulation of the books of account.
The Role of Forensic Accounting in Detecting Economic Crimes
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The role forensic accounting plays in detracting crime and corruption in both public sector and private sector is the major focus of these journal. The objective of the research work seeks to discover the role a forensic accountant can play in the contest against crime by applying its investigative skills, providing litigation support service and documentation and reporting. The research design employed was the survey research. Data were majorly collected from primary sources. A well-structured 5 point likert scale questionnaire was used to elucidate information from the respondents, these results were analyzed using tables, simple percentages, and statistical analysis techniques chi-square and the results was used to validate or invalidate the hypotheses. The results of the empirical findings show that forensic accountants are relevant in investigating crime and corruption in both private and public sector in Nigeria. Forensic accountants play a role in litigation support services in organizational sector(s), and forensic accountants are relevant in documentation and reporting. It was detected that the forensic accountants play a significant role in shortening crime and corrupt practices in any sector since they provide a mechanism to hold people answerable, such that those who manage resources in a fiduciary capacity do not easily abuse that trust without detection. Amongst other proffered solutions, it was recommended that accounting professionals should always be proactive such that the members of the profession in Nigeria are kept abreast of emerging technologies, especially in the area of forensic accounting.
Forensic Accounting: A Way to Fight, Deter and Detect Fraud
IARS' International Research Journal
Forensic Accounting is one of the emerging fields for accountancy professionals. Forensic Accounting is the function of bookkeeping, auditing and analytical expertise to combat the financial and white-collar crimes. The scope of forensic accounting has expanded due to cases of corporate scams and financial frauds. Forensic Accounting is the dynamic and strategic tool which helps in combating the corruption, financial crimes and frauds through the application of forensic auditing techniques. There is a huge demand for forensic auditors in the field of insurance, banks, police armed forces and government departments. This paper shows the application of information technology and cyber forensics to curb the malfunctioning done by corporate. In this paper role of the forensic auditor has been explained and the various techniques employed by forensic auditors have also been discussed. The latest cases in the field of forensic accounting have also been included in this paper. Forensic aud...