New Zealand

Details

  • Service: Advisory, Forensic
  • Type: Business and industry issue
  • Date: 28/03/2011

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Stephen Bell

Stephen Bell

Partner, Forensic

+64 9 367 5834

 

Fraud Barometer - March 2011 

KPMG Fraud barometer findings - March 2011

 

There has been a new record high for the value of fraud in the six months to December 2010 when compared to the first half of 2010.

 

In this time period, the value of large fraud cases totalled NZ $100 million (up from NZ $72m in the first half of 2010).

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  • This is also the first time the KPMG Fraud barometer has recorded $100m in a single period.

  • There were 30 cases in total (up from 26 in the last period).

  • The second half of 2010 has also seen a number of high value cases (“supercases”), with five cases over $3 million.  Four of these cases have involved investors or Financial Institutions as the ultimate victim.

 

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