Fraud risk management – Recommendations for directors and supervisory bodies

Financial-economic crime, including fraud, corruption and bribary, is a significant social problem that can have a severe and adverse financial impact on citizens, organisations and the government. Financial-economic crime occurs in both small and large organisations. In addition to causing financial damage, Financial-economic crime can prevent you from achieving your business goals and jeopardise the continuity of your organisation as a going concern. In addition, Financial-economic crime damages the integrity of your organisation and may potentially have a detrimental effect on your organisation’s image. The board and the supervisory body are primarily responsible for the prevention and timely detection of…

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