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Faculty of Management Sciences

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Subject: search.filters.subject.Fraud

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    Disbursing of social security grants : a case of uMgungundlovu District, South Africa
    (2020-04) Luthuli, Mthokozisi Sydney; Hlengwa, Dumsile Cynthia
    The strategic features of this study were to create new understanding of existing issues and identify new and emerging issues worthy of investigation and explanation. The distribution of disability grants is a long-standing practice that has been a way of life to people living with disability since the dawn of democracy, which started as of the year 1994. The purpose of this study is to examine the effectiveness of disbursing social security grants at Pietermaritzburg office KwaZulu–Natal. Although the ability for South African Social Security Agency (SASSA) is to execute the distribution of social grants, the practice over the years is mounted with allegations of issues of fraud, maladministration and dissatisfaction of beneficiaries. The SASSA is required to provide the services aligned to administrative approaches and systems of transmitting disability grants within SASSA institutions in South Africa and provide social relief of distress to beneficiaries. The study adopted a qualitative research methodology to collect and analyse data. The intention of using a qualitative paradigm is to respond to specific questions that directs to the applications in real world situation, and be able to address the specific societal problems. This study factors associated with ineffectiveness of the distribution processing of grants and implications for grant beneficiaries. A majority of selected respondents perceived the disability grant policy as unjust and saw very little hope of improvement. This study recommends the value of chain in the distribution of disability grants by training the employees, improving the infrastructures and the capacity of SASSA in providing the disability grants at Pietermaritzburg office.
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    The impact of internal control practices on minimizing fraud in companies
    (2021-12-01) Cavaliere, Luigi Pio Leonardo; Lourens, Melanie Elizabeth; Muda, Iskandar; Kumar, Anil; Chabani, Zakariya; Swadia, Bhavik U.; Rajest, S. Suman; Regin, R.
    Internal control structures are a collection of protocols and regulations that protect an organization's properties, minimizing possibilities for theft and maintaining an organization's potential. For an entity to operate, considerations must be identified to guarantee the organization's smooth functioning like materials, machinery, cash, etc. Certain associations were misled by their members and consumers. This methodology concerns quantitative evidence, as the name implies. There is a range of agreed methodological criteria for the method's feasibility, such as the number of respondents needed for statistically important outcomes. The quantitative method will be implemented to study employees' points of view in the workplace to internal control practices. It will measure the employee’s opinion based on a Likert scale ranging from 1 representing strongly agree to 5 representing strongly disagree. Failure to comply with internal controls is one of the key obstacles to producing good financial performance in companies. While there have been many initiatives in environmental regulation and regulations and internal auditing, a firm's financial success has seen nothing in corporate governance and government policy. Therefore, the relationship between internal control systems and the financial performance of entities must be defined. The research ends with the significant predictors of financial success that involve control setting, internal audit feature, risk reduction, control practices, and corporate governance. The research found that companies that provide effective frameworks for internal control depend on positive financial performance and investment valuation. Failure to respect internal controls is one of the main barriers to successful business success.