Fraud survey reveals disconcerting new trend

Management has jumped on the crime bandwagon, with a “significant increase” in tax and market fraud, according to a new PwC Global Economic Crime Survey. “These crimes have previously not been as prevalent in South Africa and the increase could suggest that organisations need to revisit their fraud risk management frameworks to ensure that they are able to deal with the emerging threats,” says Louis Strydom, head of PwC’s Forensic Services Practice.