Fraud can occur in any organization, including educational institutions. If you want to find out how bad a fraud scandal might be in an educational institution, then Bad Education can provide the picture nearest to the reality. Bad Education is a film based on a true story of one of the largest theft scandals in American history. The film, which…
The pressure of achieving business targets under the global crisis may drive employees to falsify financial statements. An executive level employee may make a falsified financial statement to hide the company’s bad financial circumstances due to significant unachieved business targets. Or an employee may see the relaxed control during the crisis as a perfect time to embezzle or corrupt the…
Higher education institutions are often seen as hubs of advanced ethical thinking, so the idea that universities can also commit fraud is hard to believe by our community. In fact, fraud can occur within the scope of educational institutions and even research institutions. Fraud in higher education institutions According to a study released by the Association of Certified Fraud Examiners,…
The dynamic business world requires companies to be flexible and able to respond quickly to changes in the market. Especially when the world is facing the Covid-19 pandemic as it is today. Given this dynamic condition, companies are required to consistently implement Good Corporate Governance (GCG). According to the Business Dictionary, Corporate Governance is the framework of rules and practices by which…
It is no secret that employees who blow the whistle on wrongdoings are often subjected to horrendous retaliation. This ranges from ostracism, intimidation, dismissal, to harassment and more. Despite the existence of the whistleblowing system, retaliation often causes employees to be reluctant to report important issues and this would lead to a greater loss for the company as the wrongdoings would remain undetected. However, a survey by the Ethics…
