A recent study found that some companies are more effective at controlling fraud and have different perceptions of what needs to be done to prevent abuse.
Among the priorities for combating fraud are more detailed fraud risk assessments, greater involvement by senior management, and more active participation in fraud detection and prevention by middle management and low-level employees.
The study, by Deloitte Financial Advisory Services and its Deloitte Forensic Center, found wide gaps between companies in how well they rated their ability to prevent and detect internal and external fraud, train employees about fraud, and communicate to vendors and business partners about fraud.
Only 41 percent of the 277 U.S. senior executives who responded to Deloitte's online survey rated their organization's fraud control performance highly. In addition, just 32 percent of the executives believed their company's whistleblower hotline to be very effective at uncovering fraud.
