Strengthening the internal control system and the control environment will help reduce the likelihood of fraud happening as well as the impact of fraud, if it occurs. 49% of respondents in the 2018 PwC Global Economic Crime and Fraud Survey said their companies had experienced fraud or economic crime, compared to 36% in 2016. Read more at https://blog.fraudcracker.com/are-you-ready-to-fight-fraud/

In 2016, out of desperation while on a pilgrimage in France, former SAA treasurer Cynthia Stimpel sent a WhatsApp to National Treasury, warning them of a dirty deal in the making at SAA. It was ignored. They had blocked her at every turn, but Stimpel was relentless in her efforts to stop a R15b cash-raising deal from being pulled off outside of due process – and with the help of BnP Capital as transaction adviser for R225m – while South African banks could do it for +/-R85m. Stimpel was fired for standing up to corruption. Find out more at https://blog.fraudcracker.com/this-is-a-whatsapp-whistleblowing-message-i-dont-know-how-else-to-do-it/

After new allegations of KPMG cheating on internal training tests, audit committees now have questions about their external auditors’ own adherence to standards: are controls in place, are they well-designed, and are they operating effectively? Find out more at https://blog.fraudcracker.com/kpmg-fallout-cheating-allegations-raise-new-questions/

If something was seriously wrong at your company, would your staff tell you? Find out more at https://blog.fraudcracker.com/managers-arent-doing-enough-to-encourage-whistle-blowing/

A record 18% of CEOs in the top 2500 global public companies were replaced in 2018, with 39% fired for ethical lapses. This is according to a PwC study released May2019, It’s the 1st time in the study’s history that ethical lapses led the causes of CEO turnover. Read more at https://blog.fraudcracker.com/record-number-of-ceos-fired-for-ethical-lapses/

Data breaches, identity theft, online scams – every year, a destructive flood of fraud sweeps the world, leaving countless victims in its wake. For tips to help you steer clear of the most common financial scams, go to https://blog.fraudcracker.com/10-tips-to-avoid-common-financial-scams/

It’s vital for employees to voice their concerns when they see something worrying or unethical. But how do you make everyone understand that their voice is valued? Find out at https://blog.fraudcracker.com/create-a-workplace-where-everyone-feels-comfortable-speaking-up/

Why is whistle-blowing important? Because it is by far the most effective way to uncover wrongdoing. So whistle-blowers, and tools to protect them like FraudCracker.com, are vital for an anti-fraud program to succeed. Find out more at https://blog.fraudcracker.com/why-is-whistle-blowing-important/

Occupational fraud and abuse are causing financial losses in half of all businesses, a survey from Mazars finds. The average loss per company surveyed, exceeded €10,000 (US$11,167 or ZAR160,362). Read more at https://blog.fraudcracker.com/survey-finds-fraud-causing-financial-loss-in-almost-half-of-firms/

Bullying and sexual harassment are rampant in the legal profession. This is according to the International Bar Association (IBA)’s global survey of nearly 7,000 legal professionals in 135 countries. Read more at https://blog.fraudcracker.com/bullying-and-sexual-harassment-rife-in-the-legal-profession/