20% of purchasers suspect fraud
29 August 2012
One in five procurement professionals has encountered fraud, bribery or corruption in the past year, according to the results of an SM online poll.
A further 21 per cent suggested their department may have seen foul play by answering with “don’t know”.
David Alexander, fraud investigation partner at KPMG, told SM he was not surprised by the results.
“If a company thinks it is not suffering from bribery and corruption, it is probably being naive. Procurement is one of the hotspots, particularly as it...