Largescale remote working arrangements and cash flow crunch, leading to business operations taking a priority over compliance during the pandemic, could lead to a rise in frauds, a survey on how independent directors perceive corporate fraud has found.
The survey conducted by Deloitte and institute of directors found that over 62 per cent of independent directors indicated that they believe fraud will increase over the next two years. A majority of independent directors indicated a lack of complete understanding of the existing fraud risk management framework and that they did not have comfort in the robustness of the currently
The survey conducted by Deloitte and institute of directors found that over 62 per cent of independent directors indicated that they believe fraud will increase over the next two years. A majority of independent directors indicated a lack of complete understanding of the existing fraud risk management framework and that they did not have comfort in the robustness of the currently