Corporate Fraud is a Serious Issue

Fraud can be prevented by secure processes and by ensuring that people allowed access to them are honest. This is easier said than done; failures will occur and every company needs contingency plans as a safety net. Contrary to popular belief, corporate fraud happens to good companies and effective managers. Investigating Corporate Fraud a fascinating and invaluable source of practical expert guidance on a subject strewn with potential dangers.

Corporate fraud has become the center of public concern, including but not limited to regulators, investors, a board of directors and academics. Since the outbreak of corporate scandals in 2000 and the 2007 financial crisis, there have been increasing regulatory restrictions and scrutiny to reduce the opportunity and incentive for corporate fraud. However, according to the PricewaterhouseCooper (2016) (PwC) report, the economic crime across the globe still represents more than a third of all criminal activities. The Federal Bureau of Investigation (FBI) (2011) also reported that pending cases for corporate fraud in the USA continue to rise in recent years. Therefore, despite increased regulations, corporate fraud seems to be a serious continuing epidemic problem.

Harjoto, M. A. (2017). Corporate social responsibility and corporate fraud. Social Responsibility Journal, 13(4), 762-779. 

Comer, M. J. (2017). Investigating corporate fraud Routledge Ltd. doi:10.4324/9781315589732