Experts weigh in on improving fraud prevention

A recent survey by SMU and auditor KPMG shows that fraud incidents committed by employees have been on the rise in Singapore. They accounted for 58 per cent of all corporate fraud cases over the past year, up from 47 per cent three years ago. The survey covered about 100 firms across various industries, which are listed on the Singapore Exchange. Experts agree that companies need to emphasise business ethics, from senior management all the way to ground-level staff, which can help reduce the propensity for dishonest practices to occur in the first place. This emphasis can be communicated through training courses to raise fraud awareness.

Source
Channel NewsAsia