Fighting Fraud in the Public Sector IV
An Australian snapshot of economic crime in the public sector
Fighting fraud in the public sector IV summarises survey results relating to the incidence of fraud and corruption in the public sector globally, as well as in the wider Australian economy. PwC’s analysis includes observations on detection, fraud risk assessment and cybercrime exposure, as well as insights from various Australian state anti-corruption agencies.
Since our last report, cybercrime has increased from 12 per cent to 28 per cent of economic crime. Some 40 per cent of public sector organisations experienced economic crime in the last two years, representing no real progress in lowering the overall rate of economic crime.
"25 per cent of public sector organisations did not know whether they had performed a fraud risk assessment in the last 24 months." Says, Cassandra Michie
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