Q: Why are corruption and bribery frauds so difficult to discover?
A: Because all the documents are outside the organization being defrauded.
When it comes to corruption and bribery, it only takes a little planning for a fraudster to keep all the papers that contain any trace of a fraud outside the organization. A minimal amount of planning will mean there is no paper inside an organization that contains a hint of a problem.
I’ve discussed this issue using the example of an alleged fraud in the city next to where I live. The alleged part of the story is slowly turning to fact with one participant, the mayor, entering a plea agreement.
Now think about auditing the city. All the pieces of paper that show any hint of the fraud are outside the city hall. How would the city’s auditor find that?
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Q: Why are corruption and bribery frauds so difficult to discover?Read More »
Q: Why are corruption and bribery frauds so difficult to discover? Read More »