Global Fraud Spreads in Organizations

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clpstaff

Business fraud has become more of a phenomenon in corporations globally as many mergers and acquisitions and business transactions are taking place between…

Business fraud has become more of a phenomenon in corporations globally as many mergers and acquisitions and business transactions are taking place between Asia and foreign corporations, according to a recent report conducted by Kroll, a risk consulting company.

The survey, which had 900 multinational organization respondents, looked at a broad range of financial losses or reputation loss, finding that nearly four out of five companies have been the victim of fraud. Such an issue is affecting not just developing countries like the PRC and India but is an issue globally, according to the report.

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