Veteran 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.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In 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 resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In 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 resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The 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 resource