Tag - fraud

ESG euphoria and the threat of the fraud triangle

The Environment, Social, and Governance (ESG) standard has become a hot topic widely discussed by the public, in company board meetings, audit committees, investor forums, and other forums all around the world. The pandemic, which taught important lessons about the importance of sustainable ecosystems, was one of the catalysts that...

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Dieselgate scandal 2.0

While the public's memory of the Dieselgate mega scandal of 2015 remains fresh in their minds, a similar scandal recently unfolded involving a Japanese automaker, Hino. In early March 2022, at the request of the relevant authorities, this Toyota subsidiary conducted an internal investigation and disclosed findings of fraudulent emission...

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8% of occupational fraud involves cryptocurrency

Occupational fraud is most likely the most expensive and widespread financial crime worldwide according to the 2022 Report to the Nations. Occupational fraud refers to the fraud perpetrated by employees against their employers. There are three major types of occupational fraud: asset misappropriation, corruption, and financial statement fraud.  With the advancement...

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