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Anti-Fraud Strategy

Author

Listed:
  • Todorović Zdravko

    (Faculty of Economics, University of Banja Luka, Bosnia and Herzegovina)

  • Tomaš Darko

    (Faculty of Economics, University of Banja Luka, Bosnia and Herzegovina)

  • Todorović Boris

    (Axelyos, Banja Luka, Bosnia and Herzegovina)

Abstract

Fraud is not an individual problem, but rather, we deal with a systematic fraud, particularly in the public sector through the creation of a private monopoly over public sector. Therefore, the first step, which needs to be set in organization in order to develop an efficient system for fraud control is development of anti-fraud strategy. Anti-fraud strategy is based on a policy of integrity and zero tolerance for fraud. Under the fraud we imply: corruption, assets misappropriation and fraudulent statement. Fraudsters are in the organization and beyond. Factors influencing performing of fraud are: pressure, opportunity and rationalization. Costs incurred due to the fraud may be difficult to realistically consider. Battle against fraud is determined by political will, effective legislation and anti-fraudulent culture and strategy.

Suggested Citation

  • Todorović Zdravko & Tomaš Darko & Todorović Boris, 2020. "Anti-Fraud Strategy," Economics, Sciendo, vol. 8(2), pages 69-78, December.
    • Handle: RePEc:vrs:econom:v:8:y:2020:i:2:p:69-78:n:1
    DOI: 10.2478/eoik-2020-0010
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    References listed on IDEAS

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    1. Gokce Sinem Erbuga, 2020. "Rationality in Decision-Making and Deterring Corporate Fraud," Contemporary Studies in Economic and Financial Analysis, in: Contemporary Issues in Audit Management and Forensic Accounting, volume 102, pages 99-110, Emerald Group Publishing Limited.
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      More about this item

      Keywords

      Fraud; Anti-fraud strategy; Audit Committee;
      All these keywords.

      JEL classification:

      • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
      • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
      • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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