How to tackle fraud in business

IN the wake of numerous corporate scandals in recent years, business leaders are acutely aware that they must address fraud and fraud prevention initiatives – either because regulations require it or their organisation’s survival depends on it. Yet, implementing a comprehensive and integrated approach to fraud risk management across the enterprise remains a significant challenge.

Effective fraud risk management requires more than just ensuring an effective system of internal controls. Companies need to take a strategic approach to fraud risk management by aligning corporate values with performance.