Proceedings of the 3rd Asia-Pacific Research in Social Sciences and Humanities Universitas Indonesia Conference (APRISH 2018)

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Implementation of Fraud Risk Assessment on Domestic Revenue Cycle of PT X (Case Study of Tiles Company)

Authors
Daisy Wijaya Kusuma, Lufti Julian
Corresponding Author
Daisy Wijaya Kusuma
Available Online October 2019.
DOI
10.2991/aprish-18.2019.3How to use a DOI?
Keywords
fraud, fraud risk assessment, control
Abstract

This study discusses design and implementation process of fraud risk assessment on domestic revenue cycle of PT X, applying COSO framework; Fraud Risk Management Guide 2017. This study uses qualitative approach with case study method. Interview, observation, survey, and documentation are used to collect the data. Content analysis method is used to analyze primary and secondary data. This study observes PT X as single unit analysis. PT X is a leading tiles company which has been operating for 28 years in Indonesia. In 2017 PT X just began a whistleblowing mechanism and in last six months the reports were related to fraud in goods delivery process. The purposes of this study are to implement fraud risk assessment on domestic revenue cycle, to design anti-fraud strategies for management of PT X, and to create audit program to test effectiveness of control related to the identified fraud risks. The main risky area on domestic revenue cycle of PT X are Sales Administration, Warehouse, and Finance Accounts Receivable. The identified risks on domestic revenue cycle are mostly corruption and assets misappropriation. Most identified risks fell on high risk area.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 3rd Asia-Pacific Research in Social Sciences and Humanities Universitas Indonesia Conference (APRISH 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
October 2019
ISBN
10.2991/aprish-18.2019.3
ISSN
2352-5398
DOI
10.2991/aprish-18.2019.3How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

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TY  - CONF
AU  - Daisy Wijaya Kusuma
AU  - Lufti Julian
PY  - 2019/10
DA  - 2019/10
TI  - Implementation of Fraud Risk Assessment on Domestic Revenue Cycle of PT X (Case Study of Tiles Company)
BT  - Proceedings of the 3rd Asia-Pacific Research in Social Sciences and Humanities Universitas Indonesia Conference (APRISH 2018)
PB  - Atlantis Press
SP  - 21
EP  - 26
SN  - 2352-5398
UR  - https://doi.org/10.2991/aprish-18.2019.3
DO  - 10.2991/aprish-18.2019.3
ID  - Kusuma2019/10
ER  -