Fraud by long-serving employees rising, survey finds

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Internal frauds committed by long-serving senior employees have become significantly more common, according to a survey published today by KPMG. Since its last global fraud survey in 2007, fraud by employees has risen from 69% of cases to 90%, the firm says.

Internal controls, meanwhile, are often powerless to catch fraudsters. The survey found that 24% of frauds were detected through tip-offs - either anonymous (14%) or via a formal whistle-blower process (10%). Another 13% were discovered by

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