“Risk of misconduct and fraud is growing”

Dusseldorf In the currently tense economic situation, the risks of white-collar crime in companies are increasing. The global boss of the auditing and consulting company PwC, Bob Moritz, warns of this in an interview with the Handelsblatt. “High inflation, pressure on profits, risk of insolvency – these are heavy burdens for management and staff,” he said. “In such situations, the risk of misconduct or fraudulent acts always increases.”

For this, everyone involved would have to raise their awareness: control bodies of the companies, supervisory authorities, but also the auditors, said the PwC boss.

Competitor KPMG is already observing an increase in crime: according to a recent study, every third company has recently become a victim of white-collar crime. The value is higher than it has been since 2014.