fraud scheme pertemuan iii matakuliah: f0184/audit atas kecurangan tahun: 2007

Fraud SchemePertemuan III

Matakuliah : F0184/Audit atas KecuranganTahun : 2007

Bina Nusantara

• Mahasiswa diharapkan mampu mengidentifikasi berbagai macam jenis kecurangan atau fraud

• Mahasiswa dapat melihat dan menganalisa symptom sebagai dasar untuk melakukan fraud audit

• Mahasiswa dapat menghubungkan antara symptom dengan hasil audit yang dilakukan

Learning Outcomes

3

Bina Nusantara

• Fraud Scheme• Red Flag / Symptom• Threat and sources of threat

Outline Materi

4

Fraud Scheme

What is fraud scheme?• Common methodology for a white collar crime

• Missing or weakness in controls can trigger the action for fraud scheme

• How the fraud is hidden usually the weak point of the fraudster’s case

Bina Nusantara

5

Scheme by Business Process

Bina Nusantara

6

Scheme by Business Process

Bina Nusantara

7

Scheme by Business Process

Bina Nusantara

8

Scheme by Business Process

Bina Nusantara

9

Financial Reporting Scheme

Bina Nusantara

10

Financial Reporting Fraud Method

Overstatement of earnings Fictitious earnings Understatement of expenses Overstatement of assets Understatement of allowances for receivables Overstatement of the value inventories by not

writing down the value of obsolete goods Overstatement of property values and creation of

fictitious assets

Bina Nusantara

11

Red FlagRed flag is a symptom that usually occur in the activities.Not every red flag must become a fraud case because red flag is a just a lead or sense that something probably goes wrong.

This is become the main difference between fraud audit with other type of audit due to red flag can’t be gain by check list or documentation review only.

It is an awareness in the broadest sense of many components, and an awareness of the potentially for fraud.

Bina Nusantara

12

Fraud Auditor Function• Auditor should set standard for the anti fraud

activities

• Auditor must know the realm of fraud possibilities

• Auditor should know the most direct route for any investigation if the red flag occur

• Auditor should look at the motive and consider the environment in which the employee operates to determine if there is any possible justification

Bina Nusantara

13

Fraud Auditor Function (Con;t)

• Another concern of the fraud auditor is to establish benefit and identify assets for possible recovery

• Fraud auditor assess investigative findings

• Auditor have many investigative concerns; one basic concern is opportunity

Bina Nusantara

14