How companies can counter the pressure to ignore fraud
May 09, 2017
On May 9, 2017, Financial Executives International (FEI) published a Q&A with Dan Zitting of risk-management software company ACL on understanding your fraud risk accurately.
Executives aren't always willing to admit there is fraud happening on their watch, so they convince themselves, and others, that it isn’t there.
Internal pressure can lead organizations to downplay their vulnerability to fraud, says Mr. Zitting. He also states that "whistleblowers need to keep blowing their whistles, and decision makers should start to take advantage of the advanced data analytics technology at their disposal to determine red flags and uncover fraud data trails".
Review the Q&A on the FEI's website.
