Evaluation Of The Implementation Of Otoritas Jasa Kuangan’s Anti-Fraud Strategy In Non-Bank Companies (A Case Study Of PT Medion Farma Jaya)
Abstract
PT Medion Farma Jaya is the largest animal husbandry company in Indonesia. The fast and continuous growth of PT Medion sees that various cases of fraud have been revealed, which has prompted PT Medion to develop its own anti-fraud strategy based on Copy of the Otoritas Jasa Keuangan’s Regulation of the Republic of Indonesia Number 39/POJK/03/2019 concerning the Implementation of Anti-Fraud Strategies for Commercial Banks. This research aims to determine and evaluate the implementation of anti-fraud strategies published by Bank Indonesia in a non-bank company. This research is a qualitative case study research and is assisted by NVivo 12 software. The data collection technique is through interviews with samples selected using the purposive sampling method and with the company’s documents. The research results show that the anti-fraud strategy published by Bank Indonesia is pretty effective when implemented in non-bank companies with a little modification, but in PT Medion Farma Jaya, it still needs to be improved.
References
ACFE. (2019). SURVEI FRAUD INDONESIA 2019. Association of Certified Fraud Examiners. https://acfe-indonesia.or.id/survei-fraud-indonesia-2019/
Albrecht, W. S., Albrecht, C. O., Albrecht, C. C., & Zimbelman, M. F. (2015). Fraud Examination. Cengage Learning.
Alfian, N., Tarjo, T., & Haryadi, B. (2017). THE EFFECT OF ANTI FRAUD STRATEGY ON FRAUD PREVENTION IN BANKING INDUSTRY. Asia Pacific Fraud Journal, 2(1), Article 1. https://doi.org/10.21532/apfj.001.17.02.01.05
Asuransi Ramayana. (2020). Pedoman Strategi Anti Fraud Asuransi Ramayana. Asuransi Ramayana. https://asuransiramayana.co.id/storage/app/media/pedoman-strategi-anti-fraud-1.pdf
Badan Pengawas Keuangan Republik Indonesia, Peraturan BPK No. 1 Tahun 2007 (2007). https://peraturan.bpk.go.id/Details/5/peraturan-bpk-no-1-tahun-2007
Bank Indonesia, Surat Edaran Bank Indonesia Nomor 13/28/DPNP (2011). https://ojk.go.id/id/kanal/perbankan/regulasi/surat-edaran-bank-indonesia/Pages/surat-edaran-bank-indonesia-nomor-13-28-dpnp.aspx
Batani, J. (2017). An adaptive and real-time fraud detection algorithm in online transactions. Int. J. Comput. Sci. Bus. Inform, 17(2), 1–12.
Bishop, T. J. (2004). Preventing, deterring, and detecting fraud: What works and what doesn’t. Journal of Investment Compliance, 5(2), 120–127.
Chairunnisa, & Ibrahim, M. (2019). Evaluasi Penerapan Strategi Antifraud dalam Mengelola Risiko Kecurangan pada PT X. Jurnal Riset Akuntansi Dan Keuangan. https://ejournal.upi.edu/index.php/JRAK/article/view/17542
Creswell, J. W., & Poth, C. N. (2024, March 2). Qualitative Inquiry and Research Design. SAGE Publications Inc. https://us.sagepub.com/en-us/nam/qualitative-inquiry-and-research-design/book246896
Drogalas, G., Pazarskis, M., Anagnostopoulou, E., & Papachristou, A. (2017). The Effect of Internal Audit Effectiveness, Auditor Responsibility and Training in Fraud Detection. Journal of Accounting and Management Information Systems, 16(4), 434–454.
Gonzalez, G., & Hoffman, V. (2017). Continuous Auditing’s Effectiveness as a Fraud Deterrent. AUDITING: A Journal of Practice & Theory, 37. https://doi.org/10.2308/ajpt-51828
Himawan, A. S., & Siswantoro, D. (2023). Anti Fraud Strategy Evaluation in Bank XYZ. Jurnal Ilmiah Wahana Pendidikan, 9(6), Article 6. https://doi.org/10.5281/zenodo.7769801
KBA.ONE. (2020, June 10). Dua Pejabat Disnak Aceh Jalani Sidang Perdana. KBA.ONE. https://www.kba.one/news/dua-pejabat-disnak-aceh-jalani-sidang-perdana/index.html
Khoirunnisa, K., & Aristi, M. D. (2023). IMPLEMENTASI MANAJEMEN RISIKO SEBAGAI STRATEGI ANTI FRAUD DI PT BRI KANCA SUDIRMAN PEKANBARU. Research in Accounting Journal (RAJ), 3(3), Article 3. https://doi.org/10.37385/raj.v3i3.3282
Kroll. (2018). Global Fraud and Risk Report 2018. Kroll. https://www.kroll.com/en/insights/publications/global-fraud-and-risk-report-2018
Lee, G., & Fargher, N. (2013). Companies’ Use of Whistle-Blowing to Detect Fraud: An Examination of Corporate Whistle-Blowing Policies. Journal of Business Ethics, 114(2), 283–295. https://doi.org/10.1007/s10551-012-1348-9
Malekian, D., & Hashemi, M. R. (2013). An adaptive profile based fraud detection framework for handling concept drift. 2013 10th International ISC Conference on Information Security and Cryptology (ISCISC), 1–6. https://ieeexplore.ieee.org/abstract/document/6767338/
Medistiara, Y. (2023). Eks Kepala Dinas Peternakan Jaksel Buron Kasus Korupsi Ditangkap Jaksa. detiknews. https://news.detik.com/berita/d-6619144/eks-kepala-dinas-peternakan-jaksel-buron-kasus-korupsi-ditangkap-jaksa
Moon, W. Y., & Kim, S. D. (2017). Adaptive fraud detection framework for fintech based on machine learning. Advanced Science Letters, 23(10), 10167–10171.
Nisak, C., Prasetyono, -, & Kurniawan, F. A. (2013). SISTEM PENGENDALIAN INTERN DALAM PENCEGAHAN FRAUD PADA SATUAN KERJA PERANGKAT DAERAH (SKPD) PADA KABUPATEN BANGKALAN. Journal of Auditing, Finance, and Forensic Accounting, 1(1), Article 1. https://doi.org/10.21107/jaffa.v1i1.594
Nurhayati, I., & Aminah, I. (2015). PRINSIP KNOW YOUR EMPLOYEESEBAGAI UPAYAPENCEGAHAN FRAUDPADA PERBANKAN INDONESIA | EPIGRAM (e-journal). EPIGRAM (e-Journal), 11(2). https://doi.org/10.32722/epi.v11i2.678
Otoritas Jasa Keuangan, Peraturan Otoritas Jasa Keuangan Repiblik Indonesia No. 39/POJK.03/2019 (2019). https://www.ojk.go.id/id/regulasi/Documents/Pages/Penerapan-Strategi-Anti-Fraud-Bagi-Bank-Umum/pojk%2039-2019.pdf
PT Shell Indonesia. (2024). Strategi Anti Fraud dan Penerapannya. STRATEGI ANTI FRAUD DAN PENERAPANNYA. https://www.shell.co.id/in_id/konsumen-bisnis/shell-fleet-card/strategi-anti-fraud.html
PT SMI. (2019). Pedoman Penerapan Strategi Anti Fraud. PT Sarana Multi Infrastruktur (Persero). https://ptsmi.co.id/cfind/source/files/gcg/pedoman-strategi-anti-fraud-final.pdf
Puryati, D., & Febriani, S. (2020). The consequence of whistleblowing system and internal control toward fraud prevention: A study on Indonesian state owned enterprise. International Journal of Business and Technology Management, 2(3), 35–48.
Rahmi, M., Fitri, S. A., Putra, Y. E., Masdar, R., & Marlin, K. (2024). Peran Independensi Auditor Internal Dan Whistleblowing System Dalam Mendeteksi Fraud: Literature Review. Management Studies And Entrepreneurship Journal (Msej), 5(1), 597–606.
Smaili, N., & Arroyo, P. (2022). Triggering changes in corporate governance: Before and after external whistleblowing. Journal of Financial Crime, 29(3), 1027–1041.
Syafriyanti, R. D., & Mardatillah. (2023). ANALYSIS OF THE IMPLEMENTATION OF ANTI FRAUD STRATEGIES ON PT BANK X BALIKPAPAN: ANALYSIS OF THE IMPLEMENTATION OF ANTI FRAUD STRATEGIES ON PT BANK X BALIKPAPAN. Journal of Accounting, Taxation and Finance (JATF), 2(1), Article 1.
Tuanakotta, T. M. (2010). Akuntansi Forensik dan Audit Investigatif (E2) (Vol. 1). Salemba Empat. https://penerbitsalemba.com/buku/01-0176-akuntansi-forensik-dan-audit-investigatif-e2
Tuanakotta, T. M. (2013). Audit Berbasis ISA (International Standards on Auditing) (Vol. 1). Salemba Empat. https://penerbitsalemba.com/buku/01-0205-audit-berbasis-isa-international-standards-on-auditing
Wardoyo, D. U., Arya, M., Pawestri, D. W., & Shakuntala, B. (2022). Whistleblowing System Dan Surprise Audit: Strategi Pencegahan Fraud. Jurnal Ekonomi, Manajemen, Akuntansi, 1(2), 157–158. https://doi.org/10.56799/ekoma.v1i2.450
Albrecht, W. S., Albrecht, C. O., Albrecht, C. C., & Zimbelman, M. F. (2015). Fraud Examination. Cengage Learning.
Alfian, N., Tarjo, T., & Haryadi, B. (2017). THE EFFECT OF ANTI FRAUD STRATEGY ON FRAUD PREVENTION IN BANKING INDUSTRY. Asia Pacific Fraud Journal, 2(1), Article 1. https://doi.org/10.21532/apfj.001.17.02.01.05
Asuransi Ramayana. (2020). Pedoman Strategi Anti Fraud Asuransi Ramayana. Asuransi Ramayana. https://asuransiramayana.co.id/storage/app/media/pedoman-strategi-anti-fraud-1.pdf
Badan Pengawas Keuangan Republik Indonesia, Peraturan BPK No. 1 Tahun 2007 (2007). https://peraturan.bpk.go.id/Details/5/peraturan-bpk-no-1-tahun-2007
Bank Indonesia, Surat Edaran Bank Indonesia Nomor 13/28/DPNP (2011). https://ojk.go.id/id/kanal/perbankan/regulasi/surat-edaran-bank-indonesia/Pages/surat-edaran-bank-indonesia-nomor-13-28-dpnp.aspx
Batani, J. (2017). An adaptive and real-time fraud detection algorithm in online transactions. Int. J. Comput. Sci. Bus. Inform, 17(2), 1–12.
Bishop, T. J. (2004). Preventing, deterring, and detecting fraud: What works and what doesn’t. Journal of Investment Compliance, 5(2), 120–127.
Chairunnisa, & Ibrahim, M. (2019). Evaluasi Penerapan Strategi Antifraud dalam Mengelola Risiko Kecurangan pada PT X. Jurnal Riset Akuntansi Dan Keuangan. https://ejournal.upi.edu/index.php/JRAK/article/view/17542
Creswell, J. W., & Poth, C. N. (2024, March 2). Qualitative Inquiry and Research Design. SAGE Publications Inc. https://us.sagepub.com/en-us/nam/qualitative-inquiry-and-research-design/book246896
Drogalas, G., Pazarskis, M., Anagnostopoulou, E., & Papachristou, A. (2017). The Effect of Internal Audit Effectiveness, Auditor Responsibility and Training in Fraud Detection. Journal of Accounting and Management Information Systems, 16(4), 434–454.
Gonzalez, G., & Hoffman, V. (2017). Continuous Auditing’s Effectiveness as a Fraud Deterrent. AUDITING: A Journal of Practice & Theory, 37. https://doi.org/10.2308/ajpt-51828
Himawan, A. S., & Siswantoro, D. (2023). Anti Fraud Strategy Evaluation in Bank XYZ. Jurnal Ilmiah Wahana Pendidikan, 9(6), Article 6. https://doi.org/10.5281/zenodo.7769801
KBA.ONE. (2020, June 10). Dua Pejabat Disnak Aceh Jalani Sidang Perdana. KBA.ONE. https://www.kba.one/news/dua-pejabat-disnak-aceh-jalani-sidang-perdana/index.html
Khoirunnisa, K., & Aristi, M. D. (2023). IMPLEMENTASI MANAJEMEN RISIKO SEBAGAI STRATEGI ANTI FRAUD DI PT BRI KANCA SUDIRMAN PEKANBARU. Research in Accounting Journal (RAJ), 3(3), Article 3. https://doi.org/10.37385/raj.v3i3.3282
Kroll. (2018). Global Fraud and Risk Report 2018. Kroll. https://www.kroll.com/en/insights/publications/global-fraud-and-risk-report-2018
Lee, G., & Fargher, N. (2013). Companies’ Use of Whistle-Blowing to Detect Fraud: An Examination of Corporate Whistle-Blowing Policies. Journal of Business Ethics, 114(2), 283–295. https://doi.org/10.1007/s10551-012-1348-9
Malekian, D., & Hashemi, M. R. (2013). An adaptive profile based fraud detection framework for handling concept drift. 2013 10th International ISC Conference on Information Security and Cryptology (ISCISC), 1–6. https://ieeexplore.ieee.org/abstract/document/6767338/
Medistiara, Y. (2023). Eks Kepala Dinas Peternakan Jaksel Buron Kasus Korupsi Ditangkap Jaksa. detiknews. https://news.detik.com/berita/d-6619144/eks-kepala-dinas-peternakan-jaksel-buron-kasus-korupsi-ditangkap-jaksa
Moon, W. Y., & Kim, S. D. (2017). Adaptive fraud detection framework for fintech based on machine learning. Advanced Science Letters, 23(10), 10167–10171.
Nisak, C., Prasetyono, -, & Kurniawan, F. A. (2013). SISTEM PENGENDALIAN INTERN DALAM PENCEGAHAN FRAUD PADA SATUAN KERJA PERANGKAT DAERAH (SKPD) PADA KABUPATEN BANGKALAN. Journal of Auditing, Finance, and Forensic Accounting, 1(1), Article 1. https://doi.org/10.21107/jaffa.v1i1.594
Nurhayati, I., & Aminah, I. (2015). PRINSIP KNOW YOUR EMPLOYEESEBAGAI UPAYAPENCEGAHAN FRAUDPADA PERBANKAN INDONESIA | EPIGRAM (e-journal). EPIGRAM (e-Journal), 11(2). https://doi.org/10.32722/epi.v11i2.678
Otoritas Jasa Keuangan, Peraturan Otoritas Jasa Keuangan Repiblik Indonesia No. 39/POJK.03/2019 (2019). https://www.ojk.go.id/id/regulasi/Documents/Pages/Penerapan-Strategi-Anti-Fraud-Bagi-Bank-Umum/pojk%2039-2019.pdf
PT Shell Indonesia. (2024). Strategi Anti Fraud dan Penerapannya. STRATEGI ANTI FRAUD DAN PENERAPANNYA. https://www.shell.co.id/in_id/konsumen-bisnis/shell-fleet-card/strategi-anti-fraud.html
PT SMI. (2019). Pedoman Penerapan Strategi Anti Fraud. PT Sarana Multi Infrastruktur (Persero). https://ptsmi.co.id/cfind/source/files/gcg/pedoman-strategi-anti-fraud-final.pdf
Puryati, D., & Febriani, S. (2020). The consequence of whistleblowing system and internal control toward fraud prevention: A study on Indonesian state owned enterprise. International Journal of Business and Technology Management, 2(3), 35–48.
Rahmi, M., Fitri, S. A., Putra, Y. E., Masdar, R., & Marlin, K. (2024). Peran Independensi Auditor Internal Dan Whistleblowing System Dalam Mendeteksi Fraud: Literature Review. Management Studies And Entrepreneurship Journal (Msej), 5(1), 597–606.
Smaili, N., & Arroyo, P. (2022). Triggering changes in corporate governance: Before and after external whistleblowing. Journal of Financial Crime, 29(3), 1027–1041.
Syafriyanti, R. D., & Mardatillah. (2023). ANALYSIS OF THE IMPLEMENTATION OF ANTI FRAUD STRATEGIES ON PT BANK X BALIKPAPAN: ANALYSIS OF THE IMPLEMENTATION OF ANTI FRAUD STRATEGIES ON PT BANK X BALIKPAPAN. Journal of Accounting, Taxation and Finance (JATF), 2(1), Article 1.
Tuanakotta, T. M. (2010). Akuntansi Forensik dan Audit Investigatif (E2) (Vol. 1). Salemba Empat. https://penerbitsalemba.com/buku/01-0176-akuntansi-forensik-dan-audit-investigatif-e2
Tuanakotta, T. M. (2013). Audit Berbasis ISA (International Standards on Auditing) (Vol. 1). Salemba Empat. https://penerbitsalemba.com/buku/01-0205-audit-berbasis-isa-international-standards-on-auditing
Wardoyo, D. U., Arya, M., Pawestri, D. W., & Shakuntala, B. (2022). Whistleblowing System Dan Surprise Audit: Strategi Pencegahan Fraud. Jurnal Ekonomi, Manajemen, Akuntansi, 1(2), 157–158. https://doi.org/10.56799/ekoma.v1i2.450
Published
2024-03-16
Section
Articles
Copyright (c) 2024 Firlyana Mentari, Fariz Afristya
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
