22 May 2020

Heightened risk of financial crime during Covid-19 downturn

From Nine To Noon, 9:35 am on 22 May 2020

There are warnings that bribery and corruption may become more attractive to struggling organisations and their executives during the uncertainty caused by COVID-19. Forensic accountant, Lorinda Kelly says during economic downturns there's always a heightened risk of corruption. That's because there are more opportunities to commit fraud and more pressure to do it, also people are more likely to rationalise their actions.

Lorinda Kelly was Deloitte's lead partner preparing its Australia and New Zealand's Bribery and Corruption Report 2020 which showed a 15% jump in the detection of fraud since its last survey in 2017.

New Zealand dollars

Photo: 123RF


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