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Technology enables and weak controls fuel the fraud

Anti-fraud controls (such as internal audit, suspicious managers and co-workers, and antifraud processes) are not strong enough, and the problem is growing. KPMG’s survey of 750 fraudsters worldwide found that weak internal controls were a contributing factor in no less than three quarters of them. There was a sizeable jump in the proportion of fraudsters who saw an opportunity that presented itself due to weak controls, compared with the previous survey in 2013.

Read the full article by ValueWalk.