[The Society commends the following ODT Opinon Piece to those seriously interested in understanding the negative impact of declining moral standards and the increase in corruption prevalent in the community, on the “public good” and means by which authorities, employers and the public can help stem the marked increase in white-collar crime].
“… the people of Otago were served a timely reminder of white collar crime with the sentencing on additional charges of convicted fraud Michael Swann in the High Court at Dunedin….
“The expectation is that these will only rise during the next year or two – with KPMG forensics partner Mark Leishman predicting that this year fraud figures could rise as high as $200 million…. Not only are they [white-collar crimes] a severe impost on the financial health of the companies or public organisations on which they are perpetrated, but they sap the confidence of shareholder and taxpayer alike.”
For More go to: Editorial Opinion: Otago Daily Times 18 February 2010 http://www.odt.co.nz/opinion/editorial/94008/white-collar-crime
“Greater transparency of systems, more sophisticated oversight at sites of vulnerability, and more rigorous and frequent auditing is required and must be built in to the costs of business.
“As the routine work of businesses and organisations increasingly migrates online and e-commerce assumes an ever greater proportion of an entity’s transactions, the need for requisite security systems is amplified.”
Editorial Opinion: Otago Daily Times 18 February 2010 http://www.odt.co.nz/opinion/editorial/94008/white-collar-crime