Fraud is on the rise and high profile cases are often very costly for victims. The 2011-2012 case involving ING and a Sydney-based female accountant saw the multi-national insurance and finance company defrauded of A$43m.
Situation is as much an important factor as the individual themselves. People can be coerced. People may not necessarily be the kind of sociopathic type that may wish to engage in criminal behaviour but may still find themselves in a position where they feel like fraud is a necessity to deal with a personal problem.
To view the full Chartered Accountants article, click here.
To view the BDO Not for Profit Fraud Survey 2014, click here.