ANALYSIS APPLICATION OF THE PRINCIPLES OF GOOD CORPORATE GOVERNANCE AND INTERNAL CONTROL SYSTEMS IN PREVENTING POTENTIAL FRAUD AT PT BANK PEMBANGUNAN DAERAH NTT
Keywords:Good Corporate Governance, Internal Control System, Prevention of Potential Fraud, Regional Development Bank
Abstracts - Prevention of potential fraud is one of the factors that is very important for the health level of a company. Management must be able to create corporate governance that is able to translate the company's vision and mission in line with existing regulations. The purpose of this study is to determine the extent to which the implementation of the principles of Good Corporate Governance and the Internal Control System at PT Bank Pembangunan Daerah NTT is in accordance with Bank Indonesia (BI) Regulations and Circulars of the Otoritas Jasa Keuangan (OJK) and how it affects the prevention of potential fraud. The research method used is qualitative method. Respondents in this study consisted of 2 Bank NTT officials who were considered capable of providing high-quality information on how the implementation of the principles of Good Corporate Governance and Internal Control System in preventing potential fraud in the Bank NTT environment. The interview method and document analysis were carried out to obtain actual facts at Bank NTT. The results of the analysis lead to the conclusion that Bank NTT has fully implemented the Principles of Good Corporate Governance and Internal Control System in accordance with Bank Indonesia Regulation No.8/4/PBI/2006 and Otoritas Jasa Keuangan Circular Letter No.35/SEOJK.03/2017. On the other hand, the application of GCG and SPI principles has a positive effect on efforts to prevent potential fraud at Bank NTT. By placing Risk Control from the head office to the branch offices, it helps management in conducting fraud prevention.
Keywords: Good Corporate Governance, Internal Control System, Prevention of Potential Fraud, Regional Development Bank.