ANTI-FRAUD STRATEGY

Abstract

Fraud is not an individual problem, but rather, we deal with a systematic fraud, particularly in the
public sector through the creation of a private monopoly over public sector. Therefore, the first step,
which needs to be set in organization in order to develop an efficient system for fraud control is
development of anti-fraud strategy. Anti-fraud strategy is based on a policy of integrity and zero
tolerance for fraud. Under the fraud we imply: corruption, assets misappropriation and fraudulent
statement. Fraudsters are in the organization and beyond. Factors influencing performing of fraud
are: pressure, opportunity and rationalization. Costs incurred due to the fraud may be difficult to
realistically consider. Battle against fraud is determined by political will, effective legislation and antifraudulent
culture and strategy.