FINANCIAL FRAUD IN JAPAN IS ON THE RISE; BUT COMPANIES ARE SLOW TO TAKE ACTION
September 1st, 2011
BY JULIAN RYALL
IN Japan, fraud can be simply so embarrassing, it is swept under the carpet - and that can leave companies prey to fraudsters, especially insiders.
Bill Stewart, a partner and member of the fraud investigation and dispute services department at Ernst & Young ShinNihon LLC in Tokyo tells a cautionary tale.
A retired former accounting executive's visits to his old company each month never raised eyebrows: like many retirees in a nation where one's company is seen as an extension of their family, current employees perceived his visits as social ...
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