Publications

Fraud in the public sector

reference : PwCpub-9 Jan2012

Tuesday 17th January 2012

This PwC Public Sector Research Centre publication is the government and public sector extract from its Global Economic Crime Survey.

PwC's analysis shows that in the UK, the number of government/state-owned enterprises reporting economic crime in the last 12 months rose to 52% and an even higher proportion (77%) believed that the economic crisis made fraud a greater risk to their organisation.

Globally, asset misappropriation, accounting fraud and bribery and corruption head the list of crimes reported. Unethical behaviour, such as manipulating data to meet targets or excessive staff entertaining, is also reported to be on the rise.

The survey revealed that within the UK, external fraud is higher and globally, internal fraud takes place more frequently.

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