Corporate fraud, often referred to as "white collar" crime, is a persistent and damaging problem that continues to make headlines and impact organizations worldwide. During my time with KPMG forensic services, I have witnessed firsthand the profound effects that fraud can have on companies, their employees, and society at large. The question that remains at the forefront of our efforts is: how can organizations better protect themselves against fraud, make it more difficult to commit, and detect it earlier?
To delve deeper into these critical challenges, KPMG conducted a detailed global survey to uncover the profile of the typical fraudster, understand their methods, and identify the organizational weaknesses they exploit.
As organizations navigate the complexities of corporate fraud, they need to take proactive steps to strengthen their defenses. This includes implementing robust internal controls, promoting an ethical culture, enhancing detection mechanisms, fostering collaboration and transparency, and adapting to technological changes. At KPMG firms, we are dedicated to helping clients address these challenges and achieve the best possible outcomes in their fight against fraud.
I invite you to explore the findings of our survey and consider the recommendations provided in this report. Together, we can work towards creating a more secure and trustworthy corporate environment.
