Time for CFOs to get out of the office

Kroll’s Tadashi Kageyama says CFOs need to get out of the office and into the field to prevent fraud.

Time for CFOs to get out of the office

Companies everywhere are subject to corruption and fraud. And those operating in Asia are no exception.

According to Kroll's 20092010 Global Fraud Report produced by the Economist Intelligence Unit, 84% of companies in Asia-Pacific have experienced at least one fraud in the past three years. The average loss was $6.2 million, down from $9.1 million a year earlier on account of the recession, and finance was one of the riskiest activities.

A CFO is like the anchor...

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