NCJ Number
194845
Date Published
2002
Length
31 pages
Annotation
This document presents findings from a survey of fraud experiences in Australia and New Zealand, 2001.
Abstract
In September 2001, KPMG Forensic sent a fraud survey to 2,000 of Australia and New Zealands's largest public and private sector organizations. Responses were received from 361 organizations (19 percent). Results found that several factors had a significant impact on the level of corporate fraud: (1) the further flattening of organizational structures with a consequent reduction in middle management, who traditionally has enforced internal control; (2) the tendency for victim organizations to treat “fraudsters” with leniency, allowing them to move from organization to organization, committing further fraud at will; and (3) the increasing incidence of fraudulent conduct being motivated by gambling, reflecting a rise in gambling accessibility within the general community. Many organizations in Australia and New Zealand have yet to implement the most fundamental fraud prevention measures. This document emphasizes the need for businesses to implement anti-fraud controls and policies, as well as internal control systems and risk management strategies, and to ensure that the controls and strategies are regularly monitored and updated. Figures, tables