Essay in the Field of Private Sector Fraud and Corruption

Essay from the year 2010 in the subject Politics - Miscellaneous, grade: Good Pass, University of Portsmouth, language: English, abstract: In contemporary times, corruption has become a major issue in both the public and private sector; numerous studies (KPMG 2010, ACFE 2010, etc.) are devoted to the causes,underlying factors and triggers of corruption in the society, despite the fact that researchers doubt the statistical validity of these studies, but they nevertheless agree that corruption is positively related to the economic growth of a nation, and therefore needs to be controlled (Webster, 2002, p. 6) however even when the corruption element has been identified, the serious obstacle still remains- the challenges posed to the measurement of corruption. This paper will focus on the two closely related phenomenons: corruption and fraud; the study is centered on the problems with the measurement of these elements in the private sector. Furthermore the assumption that fraud is measurable while corruption is not, will be explored and critically assessed in detail.