Event summary:

Fraud costs organizations millions of dollars each year. Periodically, the latest major fraud hits the headlines as other organizations sit back and watch, telling themselves that ‘it couldn't happen here.'

A litany of high profile & catastrophic frauds serves only too well to demonstrate the effect that a fraud may have on even the largest organization. But the reality is that fraud can be committed anywhere. Huge sums are lost as a result of the large number of small frauds. Worldwide surveys have shown that the majority of companies have experienced fraud at some level, and that many do not have the formal systems and procedures in place to deter and detect it.

Business is awash with "best-practice" on generating and maximizing profit, but woefully lacking in knowledge of how to minimize and manage losses. And, as has become all too evident in recent times, a single fraud can wipe out years of profit, drive away investors, ruin a brand, or bankrupt even the largest of organizations.

No system is completely foolproof, but there are steps which can be taken to deter fraud and make it much less attractive to commit.

Therefore, in spearheading your fight against Fraud and your quest for excellence in Fraud risk management, Fleming Gulf proudly presents the Fraud & Compliance Forum 2009, to discuss the most challenging issues and to present solutions to fight fraud.