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Corporate Failures

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Corporate FailuresForensic Failures 1Corporate Failures ContentsExecutive Summary 2Introduction 7The reasons for Corporate Failures 9Auditors: the role they played/didn t play 10No governance over fraud 18The pressure cooker syndrome 20The capability to commit fraud 22Policing fraud 27Conclusion 28Summary 33Appendix 1 Background to global case studies 34Appendix 2 Sources 38Appendix 3 About the authors 412Corporate Failures Executive summary fraud does not always result in Corporate failure, nor do Corporate Failures occur only as a result of fraud .

and red flags • Management, who deliberately ... and the public that missed the red flags. The committing of fraud is intended to benefit the organisation, for example ... exploited if the elements of the fraud triangle are present • Specific behaviours considered in

  Fraud, Relating, Flag, Fraud triangle

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