RED FLAGS AND FRAUD PREVENTION ON RURAL BANKS

Authors

Ni Wayan Rustiarini, Udayana University, IndonesiaFollow
Ni Nyoman Ayu Suryandari, Udayana University, IndonesiaFollow
I Kadek Satria Nova, Udayana University, IndonesiaFollow

Document Type

Article

Abstract

This paper identifies the effectiveness of the red flags in detecting fraudulent financial statements, as well as preventive measures appropriate to implemented in Bank Perkreditan Rakyat (BPR). We use field survey convering the whole BPR in Province Bali, covering 60 indicators provided to 101 internal auditors from 86 BPR. The result shows that the highest dimensions within the Fraud Diamond are capability. Efforts to prevent the fraud would be the culture of honesty and high ethics, evaluating anti-fraud process and control, and developing an appropriate oversight process.

Recommended Citation

Rustiarini, Ni Wayan; Suryandari, Ni Nyoman Ayu; and Nova, I Kadek Satria (2016) "RED FLAGS AND FRAUD PREVENTION ON RURAL BANKS," Bulletin of Monetary Economics and Banking: Vol. 19: No. 2, Article 2.
DOI: https://doi.org/10.21098/bemp.v19i2.629
Available at: https://bulletin.bmeb-bi.org/bmeb/vol19/iss2/2

First Page

177

Last Page

206

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

Indonesia

Affiliation

Udayana University