MORE TECHNOLOGY, BETTER DATA AND INTERNAL CONTROLS ESSENTIAL TO FIGHT FRAUD, SAY EXPERTS
February 1st, 2019
THE EUROPEAN Union (EU) should make more use of forensic accountants to combat fraud within its institutions, experts have underlined to Accounting & Business. The cost of fraud to EU spending programmes and revenue collection is eye wateringly high – costing more than EUR9 billion (USD10 billion) between 2002-2017 according to a January 2019 Organized Crime and Corruption Reporting Project report). new European Commission statistical analysis on financial crime. European Commission statistics released in 2018 say import duty fraud cases involving EUR10,000 ...
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