Wednesday, December 14, 2005

Global Economic Crime Survey

PricewaterhouseCoopers has released its third biennial Global Economic Crime Survey (2005) as reported on the Law Librarians blog here. The report, written in collaboration with Professor Dr. Kai-D Bussman, Chair of Criminology and Penal Law at Martin-Luther-University, Halle, Germany, explores two new topics: "the effectiveness of fraud risk management systems" and "the profiles of fraud perpetrators."

Within the latter section is an interesting finding- that is that: "[t]he development of internal control and risk management systems is important in managing the risk of fraud, but they can only go so far before they become complex and unwieldy - and, importantly, before they create an atmosphere of distrust."  This is an important point in looking at how best to structure an "effective program" within a company.  To minimize fraud, a "trust-oriented" approach is better than a "control-oriented" method. 

(esp) (with thanks to Joe Hodnicki) (see also co-blogger Peter Henning's Comments here)

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