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Download Issue 51 (308 KB)
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Issue 51: January 2006
70% of the fraud cases reported by Malaysian companies in the past two years were committed by employees. Of this, members of the management team account for 53% of the cases and senior management for 21%. The PricewaterhouseCoopers Global Economic Crime Survey 2005 revealed that 23% of Malaysian companies have been subject to Economic Crime in the past two years and seem to be more vulnerable to corruption and bribery than those in the Asia and Pacific region and in the rest of the world.
Your company might be next. Is there anything you can do?
Read more about:
- The Fraud Perpetrator: An Enemy From Within
- Corruption and Bribery – A Fact of Business Life?
- Build Your Defence
- Trust Your Employees
- Practice Good Governance and Business Ethics
- A Time For Action ...
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PwC Alert is a digest of topical financial and business information for clients and business associates of PwC Malaysia. Whilst every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PwC Associates Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.
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