ACCOUNT RECEIVABLE FRAUD: THE ROLE OFINTERNAL CONTROL SYSTEM.
Journal Title: International Journal of Advanced Research (IJAR) - Year 2018, Vol 6, Issue 10
Abstract
Background:-This study was conducted to analyze the effectiveness of the internal control system on the collection of accounts receivable with the aim to prevent the fraud. Accounts receivable are very fraudulent accounts. Research method:-This study used qualitative method.Data collection techniques are done through interviews, direct observation, documentation, conducted on the company PT \"X\". Results: Theresults shows that the company already has a fairly good internal control system against the collection of accounts receivable. Internal control system is good enough done by the company, among others, a clear separation of tasks between the functions of receivables, the rotation of the collectors, the existence of internal audits that continue to be done regularly is one of the internal controls are good enough to prevent the happening of the fraud. However, although the implementation of the internal control system, especially the collection of accounts receivable is effective, there are always any kind of vulnerability. Conclusion:-Overall, the conclusion of this study isinternal control system can be utilized by certain personnel for their personal interests by exploiting weaknesses. Therefore, the company still needs to conduct supervision on the internal control and irregularities are immediately dealt with.
Authors and Affiliations
AgustinaFelisia Willeam, Agnes Utari Widyaningsih.
Keywords
Related Articles
- EP ID EP409927
- DOI 10.21474/IJAR01/7879
- Views 63
- Downloads 0
ANALYSIS OF FACTORS ADHERENCE TO SAFE INJECTION PRACTICE PROCEDRUES AMONG NURSES HEALTHCARE CENTER QATAR.
Introduction:Injection practices was common medical procedure done by nurses according doctor?s prescription. In nursing process, injection practice is part of nursing intervention, but injection practices was risky for...
CLINICAL AND IMMUNOHISTOCHEMICAL EVALUATION OF THE EFFECT OF PROPOLIS ON ORAL LICHEN PLANUS.
Aim: To evaluate the possible effects of Propolis on atrophic-erosive form of oral lichen planus. Study design: The study was conducted on 20 patients with atrophic-erosive oral lichen planus. The patients were selected...
OPTIMIZATION OF TISSUE CULTURE PROTOCOL FOR REGENERATION AND DIRECT MULTIPLICATION OF MORINGA OLEIFERA BY SEED GERMINATION.
Moringaoleifera(G.H.No.:95436,Dr.MuneebaKhan,CentreforPlantConservation,University of Karachi) known as the miracle tree, is a plant of great importance. The plant is well known for its diverse medicinal and nutritional...
WHITEFLY DIVERSITY (HEMIPTERA: ALEYRODIDAE) AND ITS PARASITOIDS IN LOWLAND IN WEST SUMATERA.
Whitefly is an important pest in various fruit plants. This study aimed to study the diversity of whitefly in fruit plants in the lowlands of West Sumatra. Fruit plants samplings were guava, sweet orange and lime. Sampli...
MATERIAL SELECTION AND SOFTWARE SIMULATION OF DESIGNED PERMANENT MAGNET GENERATOR.
This paper presents a study on material used for the proposed design of Permanent Magnet Synchronous Machine (PMSM) and the 2D (Two Dimensional) analysis of Magnetostatics analysis for the designed model in software. It...