Companies everywhere are subject to corruption and fraud. And those operating in Asia are no exception.
According to Kroll's 20092010 Global Fraud Report produced by the Economist Intelligence Unit, 84% of companies in Asia-Pacific have experienced at least one fraud in the past three years. The average loss was $6.2 million, down from $9.1 million a year earlier on account of the recession, and finance was one of the riskiest activities.
A CFO is like the anchor of a business, said Tadashi Kageyama, senior managing director and Hong Kong-based Asia head of investigations at Kroll. You need to be aware of whether the ship is going in the right direction or not,...
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