Having a reputation for integrity is crucial to safeguarding market confidence and public trust.
Corporate fraud and misconduct is a persistent, global challenge for executives and board members. It can expose an organization to legal, regulatory, or reputational damage and have a direct impact on productivity and profits. Managing this risk has grown more complex as companies face an escalating threat of cyber fraud and no let-up in the more traditional forms of wrongdoing, such as the falsification of books and records. In response, many companies have set up strong internal controls to prevent, detect and respond to fraud. However, controls such as internal audit and anti-fraud processes may not be strong enough, and the problem is growing. That is why experienced business leaders work to ensure that they have effective approaches to identify, mitigate, and respond to these risks. This is especially important in an environment marked by intense scrutiny.