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2. Two former post-mistresses who allegedly engineered the loss of $98,000 from Post Fiji Limited last...

2. Two former post-mistresses who allegedly engineered the loss of $98,000 from Post Fiji Limited last year will take there plea next year.

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Give two reasons why companies should guard against internal fraud

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Answer #1

The companies or any business entity should guard against internal fraud because

  1. The company has many confidential information of the stakeholders which include the customers, investors, piblic data. Which can be misused and can cause grave harm to the image of the company.
  2. If the company does not guard against internal fraud, then the companies ethics and policies are no longer be follwed and corruption, unaccountability, mismanagement practices will follow and which will be for the personal benifit rather than the benifit of the company
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