FRAUD COSTS AUSTRALIAN COMPANIES US$4.2 BLN PER YEAR. (27-MAY-04) AsiaPulse News

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FRAUD COSTS AUSTRALIAN COMPANIES US$4.2 BLN PER YEAR.

Publication: AsiaPulse News

Publication Date: 27-MAY-04

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SYDNEY, May 27 Asia Pulse - Fraud costs Australian companies nearly A$6 billion (US$4.2 billion) a year and is likely to be motivated by gambling, revenge and personal debt, according to Ernst & Young.

What's more, the accounting giant's associate director of global investigations and dispute advisory Robert Cockerell...

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