ABSTRACT
CHAPTER1 The Greatest Unmanaged Risk
Corporate fraud and corruption are arguably the greatest unmanaged commercial risks of the day. But are management taking fraud and corruption seriously enough by making prevention integral to their business strategies? Many executives would argue that they are, after having spent the last couple of decades implementing extensive corporate governance and control frameworks which are supposed to do just that. Furthermore, these frameworks are regularly reviewed by internal and external auditors, lawyers, risk managers, compliance officers, audit committees and non-executive directors.
