Fraudulent or corrupt acts may occur in your organisation right now. They may include a wide range of behaviors such as breach of trust, employee misconduct, fraudulent statements, assets misappropriation, criminal offence, and so on. The consequences of those fraudulent activities for organizations can go well beyond the direct financial loss to include regulatory investigations and media embarrassment leading to further damage to reputation, loss of staff’s motivation, loss of customers and ultimately destruction of shareholder value. Continue Reading…
Archives For Fraud Risk
Whenever a large and well-know organization run into troubles, we often hear in the news and read in the investigations reports that there is a “problem” with Corporate Governance, or that more precisely the corporate governance system was somehow “WEAK” in the organization under scrutiny allowing greed and self-interests to go on unrestrained. The suggestion is often that more rules and controls are “needed to prevent this from happening again”. Continue Reading…
When someone does something unethical or even criminal to others, there is a natural tendency to blame the character of that individual and to take comfort in the view that he must just be a “bad apple”. However this would ignore that human behavior is also influenced by powerful environmental/contextual forces. Continue Reading…
The Fraud Risk
With so many fraud cases making the news headlines on a regular basis, the economic and social impact of fraudulent behaviors cannot no longer be downplayed by governments and organizations. The question is, what can be done to deal with this issue effectively. First we need clarify what we are talking about Continue Reading…
Risk Management Demystified 