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Topic

Staying Focused on Fraud

Speaker

Tim Hedley, KPMG LLP

Date

Monday, November 02, 2009

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2009 WEBCAST SERIES

Staying Focused on Fraud

The Institute's Webcast, Staying Focused on Fraud, held on November 2, 2009, focused on how fraud and misconduct continue to present serious challenges across virtually every industry. Inadequate controls and compliance programs, lack of a comprehensive approach to investigate and address wrongdoing, and the global economic downturn have made conditions ripe for fraud and misconduct.

Recent studies show that three-quarters of U.S. workers surveyed witnessed misconduct on the job in the past year. This indicates that organizations need to continually assess whether or not their control environment takes into account the elements of the "fraud triangle." The fraud triangle comprises:

  • "Incentives and pressure" - manipulating information to succeed, whether the strain is real or self-imposed
  • "Opportunities" - practicing deception when relaxed/loose corporate controls permit
  • "Attitude rationalization" - justifying actions for the perceived good of the organization

Listen to the replay and hear KPMG Forensic Partner Tim Hedley as he shares his insights on the dimensions and impact of fraud and misconduct, and discusses ways your organization can work to mitigate risk. Tim also shares insights and findings from KPMG's newly released Fraud Survey 2009.

The Webcast includes a discussion lasting approximately 30 to 45 minutes, followed by a brief question and answer period.

© 2010 KPMG LLP, a U.S. limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.

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