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Executive Fraud: What is and How to Prevent it - Integrity Indonesia

While fraud is often committed by employees, managers, and third parties, fraud involving C-level executives is unfortunately not uncommon.

While fraud is often committed by employees, managers, and third parties, fraud involving C-level executives is unfortunately not uncommon. C-level executives, typically the CEO, CFO, COO, and CMO, among others, are often in positions of significant authority within a company, with access to sensitive financial information and decision-making power that can impact the entire organization.  According to ACFE's 2022 Report to the Nations, fraud committed by an owner/executive causes a loss per month (velocity) of nearly three times that of fraud committed by employees and manager-level individuals. These findings demonstrate that fraud committed by those in the highest positions can harm the organization significantly faster than those in lower positions.  Basically, when C-level executives engage in fraudulent behavior, it can have serious consequences for the company, its shareholders, and stakeholders.  

Read more.. www.integrity-indonesia.com/blog/2023/07/12/executive-fraud-what-is-and-how-to-prevent-it/