Study claims outsourcing increases fraud risk

Outsourcing and the increasing use of third parties in projects has dramatically increased the risk of fraud among Irish businesses, according to a new study by Ernst & Young.

16th June, 2007

Outsourcing and the increasing use of third parties in projects has dramatically increased the risk of fraud among Irish businesses, according to a new study by Ernst & Young.

In comments accompanying the survey, Fraud Risk Mitigation in Europe, the company notes what it describes as a ‘‘cultural belief in Irish businesses, based on traditional experience, that formal fraud-prevention measures are not necessary because companies know their employees and executives.”

However, the...

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