Risk Management Strategy in Fraud Prevention
DOI:
https://doi.org/10.31000/jast.v6i1.16089Abstract
This study aims to determine risk management strategies in fraud prevention. The methodology in this study is a literature study through a qualitative approach with deductive and inductive process analysis. Secondary data sources consist of relevant previous scientific research works. The findings from the results of the discussion, that in every organizational activity there will always be uncertainty that is synonymous with risk including the risk of fraud, so that management has the responsibility to manage the risks that will be faced. Risk management and internal control contribute to the implementation of good governance, especially in increasing the success of achieving organizational goals. An effective fraud prevention strategy is to carry out a thorough risk assessment process. Fraud risk assessment (FRA) procedures are required to distinguish and evaluate the risk of gaps in the achievement of organizational goals. An iterative cyclical change process is also needed to identify and assess the risks of these gaps. Assessment of fraud risk is an effective tool for fraud prevention, because this tool can increase competence in finding, detecting and preventing fraud.
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