Can internal fraud be entirely prevented?
That is the question on the minds of financial and auditing professionals everywhere as the latest findings on internal fraud reveal how weak internal controls are mostly to blame. According to the 2015 Kroll Global Fraud Report, 75 percent of companies across the globe have experienced a fraudulent incident within the past year. Of companies where fraud occurred and the fraudster was identified, 81 percent were targeted by at least one insider.
The corporate audit landscape is changing in a big way – specifically when it comes to managing access controls in ERP systems like SAP®.
Managing access controls properly and efficiently is no easy feat for any professional. However, 2015 ushered in two big factors that will increase pressure on organizations to totally rethink and revamp their access controls management.