Internal fraud climbs in public sector, PwC survey finds

eventrisk-mar-2012

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Fraud at public sector organisations is rising worldwide, with almost half experiencing economic crime of some form in the past year, according to a survey by PricewaterhouseCoopers. Forty-six per cent of public sector bodies were victims of economic crime in 2011, up from 37% in 2009 and significantly higher than the 34% rate in the private sector.

The most common types of crime were the same as in the private sector – asset misappropriation, accounting fraud

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