Portrait of the polemic of Fraud In Conventional and Sharia Insurance Company

Kristiana, Deranika Ratna; Hatta, Atika Jauharia

doi:10.24843/eja.2022.v32.i06.p16

Cited by 3 publications

(2 citation statements)

References 15 publications

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“…Furthermore, this research aligns with the GONE theory, suggesting that holding multiple positions may stem from a sense of dissatisfaction with singular achievements, thereby introducing a greed factor conducive to fraudulent behavior. However, these findings diverge from prior studies by Fajri et al (2023), Kristiana and Hatta (2022), and Siddiq and Suseno (2019), which found no significant effect of the dualism position on fraudulent financial statements.…”

Section: The Effect Of Dualism Position On the Potential For Fraudule...contrasting

confidence: 99%

Evaluating the impact of hexagon fraud on potential financial statement fraud with audit quality as a moderator

Winata,

Suhartono,

Dema

2024

J. Ek. Perush.

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Agency theory states that fraudulent financial reporting involves deliberate actions that misrepresent financial data, often driven by conflicting interests between agents and principals. On the other hand, the GONE theory attributes fraud to greed, opportunity, needs, and exposure. This study investigates the influence of the fraud hexagon on the likelihood of fraudulent financial reporting, with audit quality as a moderating factor. Therefore, the authors purposively selected 40 industrial sector companies listed on the Indonesian Stock Exchange from 2020 to 2022, ending with 120 observations as the sample. Data analysis with pooling tests and MRA tests reveals that total asset accrual and holding multiple positions contribute to the potential for fraudulent financial reporting. However, financial targets, CEO education, engagement in government projects, and industry nature exhibit no significant impact. Additionally, the moderating effect of audit quality fails to mitigate the positive influence of financial targets and industry nature on fraudulent financial reporting potential. Future research can employ logistic regression and incorporate additional independent variables.

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Section: The Effect Of Dualism Position On the Potential For Fraudule...contrasting

confidence: 99%

Evaluating the impact of hexagon fraud on potential financial statement fraud with audit quality as a moderator

Winata,

Suhartono,

Dema

2024

J. Ek. Perush.

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“…In its annual report, the ICW Non-Governmental Organization identified seven types of corruption commonly practiced by village governments: theft, budget misuse, power abuse, unlawful levies, fabricated reports, budget reduction, and seductions [12], [13]. The bigger the organization's managed funds and the lower the ICS applied, the higher the chance for deliberate or accident fraud, as well as fraud perpetrated by people or systems [14], [15]. The ICS is an accounting system designed to provide adequate confidence in the achievement of three groups of goals (effectiveness and efficiency of operations, reputable financial reporting, and compliance with applicable regulations) established by the board of commissioners, management, and other company personnel [16].…”

Section: Introductionmentioning

confidence: 99%

The Role of the Internal Control System in Strengthening the Relationship between the Use of Information Technology, Accountability, and Village Government Performance

Purnamasari,

Hasanudin,

Zulfikar

et al. 2023

Proceedings of the International Conference on Sustainability in Technological, Environmental, Law, Management, Social and Econ

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This research aims to determine the role of the internal control system (ICS) in moderating the relationship between the use of information technology and accountability for village government performance. For hypothesis testing, this study employs a quantitative approach. This research instrument is a questionnaire, which the respondents fill out. This study's population consisted of all village officials in the District of Serang Regency. Purposive sampling was used in this study, with 174 respondents, and the data were analyzed using a structural equation model (SEM). According to the findings of this study, an internal control system can strengthen the relationship between the use of information technology and accountability for village government performance. The implications of this research can assist policymakers in developing regulations to improve the performance of the Indonesian public sector.

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Nexus of fraud mitigation practices and profitability of insurance companies in South Africa

Phesa,

Msomi

2024

IJRBS

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The objective of this study was to evaluate how measures taken to prevent fraud impact the Profitability of insurance companies operating in South Africa. The study adopted a descriptive research approach and surveyed a sample of 70 licensed insurance companies in the country. Primary sources of data were obtained by engaging claims managers in each of the firms, and descriptive and inferential statistics were used to analyse the data. The results of the study revealed that fraud mitigation measures significantly affect the Profitability of insurance companies in South Africa. The implementation of fraud prevention, detection, and response measures had a positive impact on the Profitability of these firms. Based on the findings, the study recommends that the Insurance Regulatory Authority establish regulations that mandate all insurance providers to collect and report statistics on fraud. Insurance firms should provide their employees with comprehensive training on fraud management and implement strict penalties and disciplinary measures for employees involved in fraudulent activities, as they can undermine the effectiveness of the fraud mitigation process.

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Portrait of the polemic of Fraud In Conventional and Sharia Insurance Company

Cited by 3 publications

References 15 publications

Evaluating the impact of hexagon fraud on potential financial statement fraud with audit quality as a moderator

Evaluating the impact of hexagon fraud on potential financial statement fraud with audit quality as a moderator

The Role of the Internal Control System in Strengthening the Relationship between the Use of Information Technology, Accountability, and Village Government Performance

Nexus of fraud mitigation practices and profitability of insurance companies in South Africa

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