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.
Tadashi Kageyama
Tadashi Kageyama

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 of a business, said Tadashi Kageyama, senior managing director and Hong Kong-based Asia head of investigations at Kroll. You need to be aware of whether the ship is going in the right direction or not,...

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