Fraud, a Growing Problem - Can We Mitigate It?

Victoria Stanciu

Scientific Annals of Economics and Business, 2012, vol. 59, issue 1, 79-94

Abstract: Over the past few years the companies had to face a difficult economic climate. In this instable and sometimes unpredictable environment, organizations have changed their strategies, building and applying new business models based on globalization and new technologies, understanding that traditional business approaches may not be effective in the new economic circumstances. The complexity of the activities performed determined the emergence of new risks. A particular characteristic for the crisis years is also a higher potential risk of fraud and fraudulent financial reporting. Fraud is a risk that should not be ignored and many companies have recognized that the impact of fraud is increased in the past years. Senior managers have become more concern on fraud risk and try to understand how their companies might be vulnerable to fraud.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:aicuec:v:59:y:2012:i:1:p:79-94:n:5

DOI: 10.2478/v10316-012-0005-x

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