New Survey: Value and Effectiveness Of Corporate Anti-Fraud Programs

A new survey on the value and effectiveness by BDO Consulting has just been released.

Here are some of the key findings:

• Fraud is widespread: 37% of top executives at private equity firms surveyed have been exposed to fraud in one or more of their investments.
• 59% of investors exposed to fraud have experienced instances valued at $1 million or more.
• 29% of the respondents would be willing to pay a premium to invest in companies with a comprehensive anti-fraud program, because it would minimize risk and add to the firm’s value.
• 41% of the respondents say that compliance with Sarbanes-Oxley alone is not enough.

 The survey report describes elements of a comprehensive anti-fraud program.

 Read the full survey report here.