BusinessCompany News‘More companies than ever affected by fraud’

'More companies than ever affected by fraud'

The number of reported fraud cases this year has already outstripped the crime figures for the whole of 2002, according to KPMG's Forensic Fraud Barometer.

Link: The 2002 fraud barometer

There were 90 reported fraud cases valued at over £100,000 for the first half of 2003 compared with 83 for the whole of 2002.

But while the number of cases is rising the average value of cases is falling.

KPMG said the total value of cases across the UK in the six-month period to 30 June had actually fallen to £216m, down 15% compared with the same period last year.

Robin Crawford, head of KPMG Forensic in Scotland, said: ‘The barometer shows that more companies than ever are affected by fraud. The fact that the amounts appear to be smaller does not lessen the impact on the company.’

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