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
