The topics of fraud, hiring and employee compensation were discussed at a KPMG Advisory and Bermuda Economic Development Corporation (BEDC) breakfast seminar entitled “Effective HR Strategies in and Ever Changing Environment”.
The seminar this past Wednesday was to help business owners answer questions about effectively managing their human resources.
This informative seminar provided 50 attendees with practical tips to help manage the HR process by providing creative techniques and strategies to help them remain competitive, the BEDC said.
KPMG Managing Director Steve Woodward opened the seminar by welcoming the attendees and the panel of speakers.
David Ash, KPMG Advisory Manager reviewed how best to identify a fraudster and protect your organisation.
Mr Ash referenced the KPMG survey conducted that included 348 fraud investigations in 39 different countries.
Results from the survey indicate that the typical fraudster is: male, between 36-35 years old, commits fraud against his own employer, works in a finance related role, holds a senior management position, is employed by the company for more than ten years and works in collusion with an external partner.
Mr Ash indicated that often times what motivates someone to commit fraud is part of The Fraud Triangle: Pressure — this is the motivator, a need to resolve some personal issue that is usually related to money or status; Opportunity — the...