Day: June 17, 2020

Profiling the Fraudster

Profiling the Fraudster

By Simon Padgett This article was first published in the April 2015 international edition of Accounting and Business magazine. The ACFE in 2020 estimated that a typical organization loses 5 per cent of its annual revenue to fraud. Applied to the estimated recent gross world product, this figure translates to a potential total fraud loss […]

COVID-19 and the Fraud Triangle

COVID-19 and the Fraud Triangle

By Sachin Maharaj CFE The COVID-19 pandemic has forced lock-downs and restrictions bringing world economies to a standstill. It is widely expected that many businesses will not recover, resulting in many job losses. Unfortunately, these challenges generate the perfect conditions for occupational fraud. Pressure The number of unemployed is increasing drastically. Companies that are  trying to […]

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