Does it surprise you that the average 5.47% loss in revenue from fraud suffered annually by companies across the world can account in some cases for more than 90% of your profits?
In a recent report from the Centre for Counter Fraud Services (CCFS) at Portsmouth University and accountancy firm BDO, a study of 178 FTSE-registered mining companies showed fraud had removed all but just 8% of their profits. What’s more, fraud had increased by almost 18% between 2013 and 2015. Faced with such staggering figures, particularly [...]
