Discussions about fraud in business are commonplace today. The subject of fraud is debated in boardrooms, scrutinised at all levels of management, and raised by regulators in countries around the world. Realistically though, what are companies in the transportation and logistics industry doing to prevent fraud, identify the signs of fraud, and develop antifraud programmes that really work?
A new publication from PricewaterhouseCoopers outlines some of the most common fraud schemes in the transportation & logistics industry and provides suggestions on combating fraud (Protect your shipment). Another whitepaper on fraud in transportation & logistics puts a focus on new regulations from the SEC and Public Company Accounting Oversight Board that require senior management to implement antifraud programme and controls (Predicting the unpredictable).
How PricewaterhouseCoopers can help you
PwC can work with you to develop an antifraud program and implementation plan to document your activities and prove compliance with regulations. Our five-step plan involves:
- Establishing a base line
- Conducting a fraud risk assessment
- Evaluating and testing design and operating effectiveness
- Assigning internal audit or project team to address residual risks
- standardising process for incident investigation and remediation
