Fraud in mid-sized businesses most likely to occur in the finance department, but many companies still lack dedicated fraud policies
Fraud is flourishing in medium-sized businesses, but companies are failing to recognise its most likely source – the finance department.
Just 5% of respondents to KPMG's quarterly survey of middle market businesses (those with a turnover of between £5m and £500m) listed accounting manipulations and processing fake invoices as a growing problem for them.
But analysis by KPMG Forensic last year showed that the finance department is the most likely business area for fraudsters to work in or be responsible for (42 per cent of cases).
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