Research
Most fraud is committed by management
Senior management – including board members - make up 60%
of all corporate fraudsters, a report by accountancy firm
KPMG has discovered.
The report also suggested that 85% of perpetrators were
male, 70% aged between 36 and 55, and in 89% of cases were employees committing
fraudulent acts against their own employers.
KPMG also discovered individuals committing internal fraud
most often work in the finance department, followed by working in
operations/sales or as the chief executive.
Misappropriation of money was found to be the most common
type of fraud, and greed and opportunity the overriding motives.
In 49% of profiles, perpetrators were primarily able to
commit fraud by exploiting weak internal controls.
Links
KPMG
May 2007
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