Investments in business controls result in shift in economic crime detection – PwC

Investments made to detect fraud and corruption have resulted in more of these economic crimes being detected by corporate controls and oversight mechanisms, corporate services multinational PwC Forensics Services partner Trevor White said on Tuesday. Detailing the findings for South Africa of the multinational’s global economic crime and fraud survey, he added that 44% of corporate companies in South Africa have increased spending to combat fraud and economic crimes since the 2016 survey, and a further 46% planned to increase this over the next 24 months.