FRAUD
Occupational Fraud , Internal Controls and Cases from 2023
In 2023 , as the global organizations continued to shift towards remote working ; rapid organizational growth , increased cost-of-living pressures , meeting global targets and fraud retained their centre-stage as a persistent challenge and a big concern for organizations worldwide . Moreover , technological advancements presented its own challenges which created more opportunities for fraudsters .
Author : Arzu Cabi bp Türkiye
44
As companies expand their operations and enter new markets , they start to struggle with maintaining an effective system of internal controls . Additionally , the pressure to meet global expectations foster an environment where the fine line between ethical behaviour and business targets can get blurred . These pressures , along with increased costs of living and technological advancement , create a fertile breeding ground for occupational fraud .
As we enter 2024 , understanding and addressing these emerging fraud risks becomes increasingly important for organisations . The Association of Certified Fraud Examiners ( ACFE ) is the world ' s largest anti-fraud organization and premier provider of anti-fraud training and education which also presents a comprehensive report that analyses occupational fraud and offers insights into its impact on the organisations .