Survey finds decline in global corporate fraud

11/18/2012 | Corporate Counsel magazine online

Companies reporting fraud in the past year decreased to 61%, from 75%, according to the sixth annual Global Fraud Survey from Kroll Advisory Solutions. The survey also found that the cost of fraud declined to 0.9% of revenue, from 2.1%. Companies are adopting strategies to address the Foreign Corrupt Practices Act and the U.K. Bribery Act. Learn more in the CGMA report "Fraud risk management: A guide to good practice."

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