Tomaš Darko and
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Todorović Zdravko: Faculty of Economics, University of Banja Luka, Bosnia and Herzegovina
Tomaš Darko: Faculty of Economics, University of Banja Luka, Bosnia and Herzegovina
Todorović Boris: Axelyos, Banja Luka, Bosnia and Herzegovina
Economics, 2020, vol. 8, issue 2, 69-78
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.
Keywords: Fraud; Anti-fraud strategy; Audit Committee (search for similar items in EconPapers)
JEL-codes: M15 M21 M42 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:econom:v:8:y:2020:i:2:p:69-78:n:1
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