New Zealand

Details

  • Service: Advisory, Forensic, Risk Consulting
  • Type: Business and industry issue
  • Date: 18/03/2013

Contact us

 

Chris Budge

Chris Budge

Associate Director - Forensic Technology

KPMG Wellington office 

+64 4 816 4832 

 

     

Fraud, Bribery and Corruption Survey 2012 

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A report on the key findings

 

New Zealand businesses are too complacent about the growing risk of bribery and corruption. Fraud continues to be a growing problem in New Zealand.

 

One organisation surveyed in our latest Fraud, Bribery and Corruption Survey suffered a $1.5m loss resulting from ‘inappropriate selection of third party distributors’. 

 

The total value lost to fraud is trending upwards, having increased by more than 7% since the 2008 survey.

 

Although the 140 New Zealand survey respondents reported relatively few incidents of bribery and corruption, the level of complacency around the risks gives most cause for concern.

 

More than 38% of survey respondents did not have clear anti-bribery and corruption policies and procedures in place.

 

Reduce your risk

 

If you would like to discuss the findings of the report in more detail, please contact KPMG’s Forensics team. They can also discuss strategies to reduce commercial loss and the risk to your organisation’s reputation from fraud and corporate crime.

Forensics

We can help you reduce commercial loss and the risk to your reputation from fraud and corporate crime.
 
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Fraud Barometer

numbers for lock
Commentary on the trends in the types of perpetrators and victims, and the types of frauds occurring.

Fraud, Bribery and Corruption Survey 2012: Australia and New Zealand

Fraud, bribery and corruption survey 2012: Australia and New Zealand
KPMG's 2012 survey found that $373 million was stolen over the past 2 years and the average value of fraud loss is now more than $3 million.