2009 Global Economic Crime Survey - Czech report

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Economy crime survey
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Czech Republic

24% 

of companies experienced
one or more economic crimes

60% 

of fraudsters believe "it is OK to commit
fraud because others do it too"

50% 

of the victims of fraud
suffered accounting fraud

50% 

of fraud is committed by employees
 

55% 

of fraud is detected by means beyond the influence
of management (accident and tip-off)

30% 

of companies did not carry out any kind
of fraud risk assessment over the last 12 months

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2009 Global Economic Crime Survey - Czech report

Economic crime survey
Our survey indicates that in the Czech Republic, much more fraud remains undetected than is actually revealed. Much more fraud is detected by chance than in other regions of the world. In other words, Czech companies lose a lot of value that could be avoided.

We also discovered that the nature of fraud has changed as a result of increased economic pressure, namely the need to achieve high targets and financial performance and the fear of losing jobs. This is a completely new situation in the Czech Republic and companies need to consider how to balance the need to meet profit targets and the consequences of excessive pressure on employees, as well as how to adjust control systems to ensure their effectiveness.

Last but not least, there is a serious mindset in Czech companies that needs to be addressed if fraud is to be prevented – people are prone to committing fraud when they believe others do it as well. This stresses the need for strong corporate communication and a very clear “tone from the top” that is also followed by decisive action when fraud is identified.

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Economic crime survey
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Our new Global Economic Crime Survey paints a complete picture of how businesses worldwide are navigating their way through the maze that economic criminals create to shroud their activities.
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