The banking sector is playing roles as the most as the backbone of a country’s economy, by helping with monetary transactions, keeping deposits safe, and disbursement loans to individual or cooperation. Because of the banks play such an important role, it’s required to keep and maintain the bank’s operations running smoothly and effectively. One way …
Understanding Internal Control Systems in the Banking Sector Read More »
The COSO Framework has turned into a very important part of internal auditing and internal control in banking or financial sectors and other business sectors whereas the shareholders or top management requires for good governance, risk management and internal control system are in place. but where did this framework begin, and what’s its story from the start untill now? This blog …
The COSO Framework and Benefits for Banking Sector Read More »
Introduction to Fraud Theory Approach Fraud theory approach is a type of investigative strategy used by fraud examiners to uncover potential cases of criminal fraud. Fraudsters have become more sophisticated in their methods and financial crimes have increased, making it essential for fraud investigators to use advanced strategies that can quickly find the truth. Fraud …
The Britannica Dictionary defines the word “fraud” as “the crime of using dishonest methods to take something valuable from another person.” In general, it is very important to be aware of and understand the difference between fraud and error or mistake. In fact, fraud means the intentional action followed by the efforts to conceal the …
