“Finding a needle in a haystack” seems to be apt to describe the role of a forensic investigator or compliance professional. Over time, fraud, bribery and corruption risks have turned sophisticated, perpetrators have become smarter, and data in the form of bits and bytes has become central to unearthing critical evidence, transforming the “haystack” into … More The transition to a technology-led approach for enhanced integrity
Travel and expense fraud probably remains one of the oldest, overlooked and most pervasive types of white-collar crime. Unclear guidelines or low awareness of this fraud can impact corporates adversely, and result in billions of dollars of revenue loss each year.
The global landscape has been continuously evolving, coupled with rising geopolitical concerns, market volatility and cyber-attacks. There has also been a significant rise in enforcement, highlighted by the Foreign Corrupt Practices Act unit receiving 30 voluntary disclosures when the pilot program was in effect during the 18 months, vis-a-vis 18 cases in the previous period. … More Gauging the role of Forensic Data Analytics in an era of digital transformation
The Indian information technology and technology enabled services (IT-ITeS) industry continues to benefit significantly with an uptick in private equity investments. According to a report by Venture Intelligence, private equity investments in the sector rose in 2017, accounting for 46% of the investment value and growing by 140% to $11.4 billion. Today, the IT-ITeS sector … More IT-ITeS sector – Evolving through fraud risks and governance challenges
Digital transformation has been a key enabler for accelerated business growth in India Inc. However, it has also augmented risks related to data protection, data privacy and cybercrime. EY’s Global Forensic Data Analytics Survey 2018 titled ‘How can you disrupt risk in an era of digital transformation?’ has underlined that organizations should harness the power … More Advanced Forensic Data Analytics instrumental to address data protection, privacy risks
In a year characterized by geopolitical risk, economic uncertainty and increased regulatory intensity, the findings of our 2017 Asia-Pacific Fraud Survey are a cause for concern: over half of close to 1,700 respondents across sectors believed that ethical standards have not improved in their local business operations.
Government initiatives, strong domestic demand and rapid inflow of foreign direct investment (FDI) led India being on an upward growth trajectory this year. The recent demonetization drive, introduction of new regulations such as the Bankruptcy code and push toward a digital economy have had a profound impact on businesses and consumers alike. While the short … More EY Forensic Outlook 2017