Fraud prevention measures in Serbian small and medium-sized enterprises: Existence and effectiveness

The aim of this paper is to examine the influence of enterprise characteristics on the degree of application of fraud prevention measures. In addition, this paper is supposed to show whether respondents' characteristics affecttheir opinion about the effectiveness of different fraud prevention measures, as well as if there is a difference between the degree of their implementation and respondents' opinion on their effectiveness. The research was conducted in November 2018 and the data were collected using a questionnaire which was taken overto a great extent from N'Guilla Sow, Basiruddin, Mohammad and Zaleha Abdul Rasid [17, pp. 514-517]. Although the non-parametric statistical techniques used showed that there is (1) no influence of enterprise characteristics on the existence of fraud prevention measures and (2) no influence of respondents' characteristics on their opinion about the effectiveness of fraud prevention measures, the median analysis showed that there is some influence. We have also found that there is some difference between the level of existence of the said measures and respondents' opinion about their effectiveness.