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Fraud Epidemic: Revealing the Corporate Underbelly
Several reports have analysed the “epidemic of fraud” spreading through
Australian companies. It’s been driven in part by performance-based
remuneration and by cost-cutting that has weakened controls in the
downturn. More often middle managers with the rights to authorise
transactions have been the perpetrators, creating a boom time for
forensic specialists. But the cheapest way to counteract fraud is to
prevent it, says Peter Roebuck, an accounting professor at the
Australian School of Business. In addition, organisations are wising up
to managing the risks
View all episodes
By theBoxSeveral reports have analysed the “epidemic of fraud” spreading through
Australian companies. It’s been driven in part by performance-based
remuneration and by cost-cutting that has weakened controls in the
downturn. More often middle managers with the rights to authorise
transactions have been the perpetrators, creating a boom time for
forensic specialists. But the cheapest way to counteract fraud is to
prevent it, says Peter Roebuck, an accounting professor at the
Australian School of Business. In addition, organisations are wising up
to managing the risks
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