FINANCIAL FRAUD – PREVENTION IS BETTER THAN CURE?

Globally businesses are losing more than 5% of their revenue through financial frauds conducted by their own employees. While there are tremendous effort being put in raising top-line and managing bottom-line in a business, there is not much being done to address this issue of financial frauds. A systemic fraud being committed by an insider has multiple ripple effects on health of organisation including but not limited to its reputation within and culture.

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