Corporate Failures
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.
• Excessive debt to fund expansions or personal expenses ... where a CEO fulfilled multiple roles in various committees • Inadequate governance structures, for example, lack of board ... pay attention to small things, otherwise they would get out of control and
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