Falling prey to corporate fraud in China: CFOs fail to stand up
Almost nine in ten companies operating in China experienced some form of fraud in 2016, with one third naming senior/middle management as key perpetrators, according to a recent Kroll report.
From notorious Ponzi schemes to common payment fraud, corporations are no stranger to this type of white-collar crime. The proportion of companies that fell victims to fraud in the past year rose to 82%, from 70% in 2013, according to the 2016 Global Fraud and Risk Report* by Kroll, which surveyed 545 senior executives worldwide across multiple industries and regions.
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