'The estimated prevalence of corporate fraud is much larger than what is currently being reported,' writes Gleb Tsipursky, 'with an average of 10% of large publicly traded firms committing securities fraud every year.'
Stronger outside regulations and consumer protections can help prevent corporate fraud and hold companies accountable for their actions. This can include increased regulatory oversight, stronger penalties for fraud, and more transparency in financial reporting. All companies, big and small, must take proactive steps to prevent and detect fraud, but stronger outside regulations and consumer protections are necessary to ensure the integrity of our financial system.
An internationally-renowned risk management expert who highlighted the threat of the pandemic in its early stages, Dr. Gleb Tsipursky is a behavioral scientist, CEO of the consulting and training firm Disaster Avoidance Experts, and best-selling author of Resilience: Adapt and Plan for the New Abnormal of the COVID-19 Coronavirus Pandemic
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