Case Study Kpmg Report
With the development of technology, the operation of business has become increasingly complex. This has created the opportunity for people to commit fraud for their personal gain. The consequence of fraud issue can impede corporations achieving their business objective and incur huge loss. This paper is going to base on the case study by KPMG which is regarding about the fraud, corruption, and bribery issue in business in New Zealand and Australia. This report will firstly focus on discussing the main findings in this case study. Then it will evaluate the survey from both positive and negative sides. Finally, it will analyse how Australian corporation respond to this survey.
To begin with, there are three key findings of this survey.
Firstly, this survey has summarised the main fraud fact in 2012. Compared to fraud fact in 1997, which is $105 million, the total loss result from fraud in 2012 has increased to $373 million, which is more than double amount of the figure in 1997. It also found that $322.5 million loss was on the financial sector. In addition, it found most fraud occurred in the corporation which has over 1000 employees.
Secondly it has analysed the trend of fraud based on different criteria. Based on the inside and outside factor, it has found over 75% of reported fraud occurred in the inside employees. Moreover it has found most of those employees are non-management staff. However, it has reminded that users need not only focus on the main trend but also pay attention to the increase of fraud loss by senior management as it caused huge loss for organisations. Based on the gender diversity factor, the fraudsters are more likely to be male as the survey has found male had 3 times more likely to commit fraud. According to the demography factor, it indicated that main people who commit fraud lies in the group who is between 29 and 49 years old. Moreover, this survey has suggested that people over 55 years old and with household debts are recently
To begin with, there are three key findings of this survey.
Firstly, this survey has summarised the main fraud fact in 2012. Compared to fraud fact in 1997, which is $105 million, the total loss result from fraud in 2012 has increased to $373 million, which is more than double amount of the figure in 1997. It also found that $322.5 million loss was on the financial sector. In addition, it found most fraud occurred in the corporation which has over 1000 employees.
Secondly it has analysed the trend of fraud based on different criteria. Based on the inside and outside factor, it has found over 75% of reported fraud occurred in the inside employees. Moreover it has found most of those employees are non-management staff. However, it has reminded that users need not only focus on the main trend but also pay attention to the increase of fraud loss by senior management as it caused huge loss for organisations. Based on the gender diversity factor, the fraudsters are more likely to be male as the survey has found male had 3 times more likely to commit fraud. According to the demography factor, it indicated that main people who commit fraud lies in the group who is between 29 and 49 years old. Moreover, this survey has suggested that people over 55 years old and with household debts are recently