30 July 2010
The Irish component of the Ernst and Young global fraud survey reported in the Irish Times this week indicates that half of businesses in Ireland have experienced an instance of serious fraud in the past two years. The position in New Zealand is worse according to the 2009 PriceWaterhouseCoopers economic crime survey which [...]
23 July 2010
The saga of the BP oil spill will play out for many years. This will be assured by the litigious nature of US business. New details emerging this week relate to the poor maintenance record of Transocean, the rig operators. A New York Times report refers to rig workers being concerned about safety [...]
16 July 2010
The sheer size of the Chinese economy – and its black market – can be discerned from a media report this week. The equivalent of more than $US 4.6 billion has been recovered through corruption prosecutions over the last five years. Fraud reports involved more than 170,000 people. In another report, [...]
9 July 2010
PricewaterhouseCoopers predicts that we will shortly see an increase in public sector fraud, including stealing, false accounting, and bribery. This conclusion was drawn from their latest global survey on corporate crime. PwC indicates that false accounting in particular, may become more common as pressure increases on agencies to meet targets with fewer resources. [...]
2 July 2010
A delegation from Abu Dhabi visiting Wellington this week met with senior Ministers and Central Agencies. The group, led by the Chair of their Accountability Authority, spent time at SSC yesterday exploring the New Zealand processes for chief executive performance management , the performance improvement framework, and measures to entrench trustworthy government. The [...]
4 June 2010
The theme of grand corruption finds an echo in a speech to the OECD by US Attorney General Eric Holder. He reaffirmed a United States commitment to fight corruption, which the President has described as “one of the great struggles of our time.” Penalties of $1.5 billion have been imposed by US [...]
28 May 2010
The obligation of State servants to be honest, was explored in an entry on 14 May relating to the size of the Gulf of Mexico oil spill. More information is now being published suggesting that the extent of the leak is much greater than disclosed. Figures suggest that more than twice as [...]
