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.
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.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View articleThe FRC has announced Richard Moriarty as its new chief executive, replacing Sir Jon Thompson Read More...
View article