Nearly 3 in 5 Indian organisations hit by financial or economic fraud: PwC survey

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Nearly 3 in 5 Indian organisations hit by financial or economic fraud: PwC survey - YourStory

Quick Summary:

India’s figures have surged by 7 percentage points this year, compared to the 2022 survey, highlighting a rise in financial fraud incidents.

Therefore, maintaining the integrity of the procurement process is of paramount importance as the reputation of a company rests on it,” Puneet Garkhel, Partner and Leader, Forensic Services, PwC India, noted.

Over 50% of respondents held senior roles such as board members, CEOs, and MDs, representing consumer products, retail, manufacturing, automotive, technology, and healthcare sectors.