|
|
| |
| Fraud Management Techniques of Small and Medium Enterprises in the City of San Jose Del Monte, Bulacan
Download PDF
|
Rodel E. Cahilig, MSA, Cecilia A. Balaoing, Ph.D., Alegria, Angelyn, Alejandro, Kaye M.,Calnea, Edsel Joy C., Capinig, Joshua D., Galvez, Rhaybie J., Gonzales, Shaira O., Lladones, Marika Joy, Ocenar, Cindy H., Rey, May-Ann P., Solana, Jommel C.,
|
Abstract:
Fraud is a wrongful and illegal intentional deception aimed at depriving a victim of legal entitlement. Various types of fraud can occur. Tax fraud, credit card fraud, wire fraud, securities fraud, and banking fraud are only a few examples. Government-imposed quarantine rules have increased the number of internet transactions during this outbreak. As more individuals engage in online transactions, entrepreneurs, particularly small and medium-sized businesses (SMEs), are turning to the digital realm to contact their customers. Numerous examples and concerns about online transactions have been documented, including undelivered goods, receiving products that are incompatible with the purchased product, and online fraud. From those circumstances, the profitability and credibility of the business were so much affected. This study aimed to determine the assessment of fraud management used by small and medium enterprises during the COVID-19 pandemic, the kinds of online frauds they experienced, and the factors of SMEs in Tungkong Mangga CSJDM, Bulacan. This study is anchored by W.K Wilhelm's (2004) The Fraud Management Lifecycle Theory: A Holistic Approach to Fraud Management which examined some significant lifecycle stages. This research used a quantitative descriptive correlational approach to evaluate and correlate the fraud management of SMEs-respondents with their profile (asset size of the company, number of years in operation, and types of business) and the kinds of online fraud they experienced. The researchers gathered the data and analyzed it using Analysis of Variance (ANOVA), t-Test, Scheffé Test, and descriptive statistics. This study revealed that the asset size of the company and the types of business does not affect the SMEs-respondents in assessing fraud management in terms of prevention, detection, and mitigation. Moreover, this research showed that the number of years in operation affects the SMEs-respondents' assessment of fraud in terms of detection and mitigation but does not affect prevention. The findings and results of the study were used to develop a strategy and accounting practices to improve the fraud management assessment for SMEs in Tungkong Mangga, City of San Jose del Monte, Bulacan.
|
|
|
| | |