Five tips for combating fraud in the recession

Will Kenyon of PriceWaterhouse Coopers’ forensic accounting practice outlines how firms can protect themselves against financial crime.

Around half of UK companies have suffered financial crime, according to PricewaterhouseCoopers Global Economic Crime Survey 2007, and the average total cost to victim firms is in excess of £2 million. In the current economic climate, the pressure on people to commit fraud at work is growing.