Climate control
13 September 2012
Developing an anti-fraud culture is the most effective way to prevent corruption gaining a foothold in procurement. Jennifer Major explains how in the last article of our series
Procurement fraud is a serious risk to your organisation. About 6 per cent of company revenues are lost to fraud. Of this, half is accounted for by procurement fraud.
Employers are in a difficult position. Employees commit 82 per cent of identified fraud and rogue suppliers are only effective if they have willing accomplices within the client. Moreover, the...