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The Future is Safe In the Big 4’s Hands September 28, 2011

Posted by Audit Monkey in The Joy & Pain of Internal Audit, The State of the British Nation.
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Just having a flick through the September 2011 issue of ‘Accounting & Business’, which is the ACCA’s publication for the members who are fool enough to pay the outlandish subscription fees. Interesting column filler on page 8, entitled ‘The Typical Fraudster’. Apparently “the overriding motivation for fraud is personal greed, followed by pressures on individuals to reach tough profit and budget targets…”.

To use a very British phrase, ‘no shit Sherlock’. Forgive me, does this imply there is a whole army of fraudsters in our midst who perpetrate fraud for the fun of it, to see if they can beat the system, for the challenge? I would surmise, probably not.

And the author of this earth-shattering insight, KPMG, as detailed in their ‘analysis’ of Global Patterns of Fraud (2011). All I can say is with these credentials, we don’t have to look anywhere else for professional services.

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