Incidence of corporate fraud in Ireland halved in last 12 months; Over 25% of senior managers said offering cash payments acceptable to win business
Jul 4th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Incidence of corporate fraud in Ireland have reduced by half in the last 12 months as fraud detection processes are introduced by businesses attempting to reduce financial loss. The findings come from data contained in the latest Ernst & Young European Fraud survey (pdf) released in Ireland today. Just 16% of Irish businesses confirm that they have experienced incidence of serious fraud in comparison to more that 30% surveyed in 2010. Over 25% of senior managers said offering cash payments is acceptable to win business.