Direct to Full Text (33 pages; PDF)
Given the ongoing growth of globalization, our practitioners and multinational clients asked for greater insight on the different perspectives of companies on fraud between developed and emerging markets.
The 9th Global Fraud Survey (pdf, 340kb) is the result of interviewing and listening to over 500 corporate leaders, including Chief Executive Officers, Chief Financial Officers, Chief Risk Officers, Internal Audit Directors, and business unit directors. They represent many of the world’s major organizations.
Since our 8th Global Fraud Survey in 2003, corporations have expended significant resources to assess and improve their internal controls. The concentrated efforts of those charged with governance, internal and external auditors, regulators, law enforcement and others, have led to considerable progress in preventing and detecting fraud. Corporations believe that they are better positioned to deter and detect fraud than ever before. Despite this belief, there is little evidence that clearly indicates fraud has reduced. In fact, one in five of the companies that we interviewed experienced significant fraudulent activity in the past two years.
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