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Corporate Resiliency: Managing the growing risk of fraud and corruption

A holistic approach

These days no organization can afford to be complacent or believe that fraud will not affect them. It is important to stay one step ahead of the ‘fraudster’ and understand the different means of why and how fraud occurs. While the management needs to demonstrate ‘zero tolerance’ to the issues of fraud and corruption, they also need to establish effective risk management practices and a preventive defense to fraud.

Considering today's challenging and uncertain business environment, in addition to increased legislative and regulatory requirements, there is a greater need for organisations to understand and address fraud and corruption risks, as well as being able to suitably respond to these challenges. 

To address this, Deloitte Forensic in India in collaboration with Federation of Indian Chambers of Commerce and Industry (FICCI) Aditya Birla CSR Centre for Excellence (along with a dedicated section of legal experts from AZB & Partners) have together created a white paper that will help organizations with actionable points to mitigate fraud and corruption risks.

 

This white paper, Corporate Resiliency: Managing the growing risk of fraud and corruption, covers salient subjects, such as:

  • Introduction to corporate or occupational fraud
  • Different types of frauds and why does fraud and corruption occur?
  • Corporate social responsibility and Transparency – a foundation for ethical business practice
  • Regulatory regime in India for tackling fraud and corruption
  • Responsibilities of stakeholders – internal and external to tackle the menace of fraud
  • Prevention and Detection techniques that can be adopted to deal with fraud and corruption risks
  • Responding to incidents of fraud and corruption
Click here to download the complete report