<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>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.</p>
</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.

Anti-Fraud Strategy

ECONOMICS

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"Anti-Fraud Strategy"}

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...

Anti-Fraud Strategy

Publicado en línea: 31 dic 2020

Páginas: 69 - 78

Recibido: 06 oct 2020

Aceptado: 26 oct 2020

DOI: https://doi.org/10.2478/eoik-2020-0010

Palabras clave
Fraud, Anti-fraud strategy, Audit Committee

© 2020 Zdravko Todorović et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Anti-Fraud Strategy

Publicado en línea: 31 dic 2020

Páginas: 69 - 78

Recibido: 06 oct 2020

Aceptado: 26 oct 2020

DOI: https://doi.org/10.2478/eoik-2020-0010

Palabras claveFraud, Anti-fraud strategy, Audit Committee

© 2020 Zdravko Todorović et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Palabras clave
Fraud, Anti-fraud strategy, Audit Committee