Friday, 21 October 2011

Here's how prone companies are to fraud in India, China, US - Rediff.com Business

Here's how prone companies are to fraud in India, China, US

Last updated on: October 21, 2011 09:39 IST
Vendor, supplier and procurement fraud is an increasing problem in Asia.
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Organisations operating in multiple geographies, legal environments and cultures face a complex set of challenges and risks as they develop their business.

The fifth edition of Kroll's Global Fraud Report, prepared in cooperation with the Economist Intelligence Unit, illustrates the speed at which the fraud threat is evolving, and reinforces the direct financial benefit to those organizations who actively manage their fraud risk.

Vendor, supplier and procurement fraud is an increasing problem in Asia.

In a recent Global Fraud Survey, a third of the respondents said that they had suffered from this type of fraud in the past year.

India, too, has a number of significant fraud problems. Its prevalence is among the highest in the survey.

Let us have a look at how pervasive the problem is in India and how it stacks up against China and North America.

Click NEXT to see how prone companies are to fraud...


Image: Vendor, supplier and procurement fraud is an increasing problem in Asia.

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