Risk Management for Mitigation of “Corruption” Fraud Risk: Profiling Techniques

Abstract

Risk management provides signs for key areas in the company that contain risks. Risk management manages and profiles risk classification so that the company is more responsive in preventing fraud or fraud risk. Corruption is a form of fraud risk that causes the most losses to the state. Corruption that occurs in various private, government and state-owned organizations can be minimized by understanding the risk classification profile and profiling techniques. This study uses a descriptive method with secondary data from the 2016-2020 Association of Certified Fraud Examiner (ACFE) survey report. The author concludes that the fraud prevention process with a risk management approach is one of the strategies in an effort to prevent fraud by using profiling techniques.