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white collar crime
Title: white collar crime
Category: Literature / English
Details: Words: 618 | Pages: 2.6 (approximately 235 words/page)
white collar crime
A New Approach to Combating White-collar Crime
INTRODUCTION
Due to the magnitude of white-collar crime in this country (R3,6 billion losses annually) and globally, companies can no longer ignore this growing problem. Apart from the huge financial implications, white-collar crime also has other detrimental effects on companies including loss of reputation, the undermining of competitiveness and the erosion of credibility.
Traditionally, companies followed an ex post facto approach to fraud - damage control was attempted only …showed first 75 words of 618 total…
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…showed last 75 words of 618 total…proving that a pro-active approach against potential perpetrators of fraud is the most economically sound answer.
Such an approach includes the timely training of company managers and employees in fraud prevention which should form part of the total managerial approach.
Not only does a preventative approach save money, but it also saves face - the good reputation of an organisation is becoming of paramount importance in our changing corporate environment and should not be underestimated.
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