Monday, November 30, 2009
Tweet[IWS] PWC: FRAUD IN A DOWNTURN: A REVIEW OF HOW FRAUD AND OTHER INTEGRITY RISKS AFFECT BUSINESS
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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PriceWaterhouseCoopers (PWC)
FRAUD IN A DOWNTURN: A REVIEW OF HOW FRAUD AND OTHER INTEGRITY RISKS AFFECT BUSINESS
http://www.pwc.com/us/en/forensic-services/publications/fraud-downturn.jhtml
or
http://www.pwc.com/en_US/us/forensic-services/assets/fraud-downturn.pdf
[full-text, 20 pages]
This paper considers whether fraud, corruption, abuse and other integrity threats are changing during this period of global economic decline and, if so, how.
Looking forward, we consider the issues that boards of directors and audit committees need to beware of: the frauds that may emerge and the likely regulatory response.
Finally, we describe the strategies proactive organizations are implementing to manage short term risks and enhance stakeholder value in the longer term.
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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
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Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
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