The con is on

3 May 2007
Male. Aged between 36-55. Works with finances. Sound familiar? It's the profile of the average Supply Management reader. But it's also the profile of the average company fraudster, according to a new study by KPMG. One surprising revelation is the fact that more than half commit 20 or more frauds against their company. As one police chief was reported once as saying: "Five per cent of people are completely corrupt. Five per cent of people are completely incorruptible. The other ninety percent are just waiting for the right opportunity." Is the temptation for fraud in procurement too great? And what measures can be taken to stop it?
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