An exclusive Compliance Week survey shows that many corporations are bracing for a drop in revenues next year and a spike in fraud—not that they have the internal controls ready to fight it.
That’s according to the results of an online survey of 249 compliance, legal, finance, and risk executives at public companies conducted by Compliance Week and Deloitte Financial Advisory Services in late October. More than 75 percent of respondents say they expect diminished budgets in the coming year. At the same time, nearly all (91 percent) expect fraud activity to remain steady or increase.
