BusinessCompany NewsVeteran male execs are top fraud suspects

Veteran male execs are top fraud suspects

Company fraud is most likely to be committed by long-serving male executives, new research by KPMG's forensic team claims.

Link: Fraud cases almost double

After analysing 100 fraud cases it has investigated over the past two years, KPMG Forensic has been able to develop the profile of the person most likely to commit fraud.

In 72% of the cases, the fraudsters were likely to be male-only.

Women fraudsters were identified in just seven per cent of cases.

Thirty two per cent of all those committing fraud had been with the company for between 10 and 25 years.

And in more than half of all the cases, fraudsters were not acting alone but in partnership with up to four other people.

‘We found that directors or senior managers committed almost two-thirds of the 100 cases surveyed,’ said Alex Plavsic, national head of fraud investigations at KPMG.

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor