We were delighted to collaborate with the IDU Israel Directors Union and Refael Franco, Chairman of the Cyber Forum within the IDU, IIA Israel-the Institute of Internal Auditors and Alkalay & Co., in holding an online roundtable on the subject of Embezzlement and Fraud – Risk Management in an Organization.
As part of the round table agenda, our partner, Amit Becher, spoke of embezzlement and fraud in the mirror of a crisis and addressed operational fraud and corporate fraud.
Amit talked about the exposure to risks faced by corporations and functionaries due to embezzlement and fraud, including criminal proceedings and monetary sanctions, civil claims, class action suits and derivative actions and even harm to goodwill and future investments.
To sum up, Amit explained how enforcement programs could assist in preventing these situations.