Business Leaders Fear Fraud Rise

Monday, 26th February 2024 at 10:57am

According to the IFA Magazine website, a recent survey shows that business leaders are worried that worsening economic conditions are driving up financial crime.

Fraud was the third highest-ranked risk this year, with theft/improper spending of company money and false accounting and reporting also appearing in the top 10.

Ian Peters, Director of Institute of Business Ethics (IBE), commented: “While fraud is an ongoing challenge for many organisations, tough economic conditions put greater pressures on organisations and individuals – giving rise to unethical behaviours like financial crime.”

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