Poor Culture and Fraud Risk Mismanagement: Survey Hints That the Connection Isn’t Widely Understood

Protiviti and Utica College’s latest White-Collar Crime and Fraud Risk Survey report revealed that organizations continue to lag in employing sound fraud risk management practices — a finding that may signal a lack of understanding of the interrelationship between fraud risk and ethical culture.

In this article, Protiviti Managing Director Scott Moritz explores the inextricable link between culture, fraud and misconduct and explains what happens when organizational leadership doesn’t understand the fraud risks nuanced to their organization.