EA businesses pay the price for ignoring fraud controls
Loopholes noticed in third party service providers’ internal controls are equally blamed for significant fraud risks faced by several organisations across the region. PHOTO | SHUTTERSTOCK
Companies in East Africa could save more if they invested in systems that detect fraud along their supply chains, rather than relying on voluntary whistleblowers.
Latest research findings published by PriceWaterhouseCoopers Eastern Africa show 54 percent of local respondents reported a higher incident rate of supply chain fraud over the past two years compared with 44 percent across the globe.
