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‘Self-assessment fraud resilience’ tool available online
PKF and the Centre for Counter Fraud Studies jointly manage the largest databases concerning resilience to fraud
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A ‘self-assessment fraud resilience’ (SAFR) tool is available online for free, allowing accountancy firm PKF to help retailers by mitigating their risk to fraud, saving costs and strengthening their bottom line.
“Fraud is a significant problem which undermines the quality and strength of retailers.
The latest global research on the financial cost of fraud indicates that losses to fraud and error currently average 5.6% of expenditure. Fraud is an ongoing, mostly high volume and low value cost,” PKF said.
PKF and the Centre for Counter Fraud Studies (CCFS) at University of Portsmouth jointly manage the largest databases in the world concerning resilience to fraud and its measured cost, and this can be used to help businesses to better protect themselves and to reduce cost.
Interested parties can contact PKF Malta office at 21484373 or by email: [email protected]
