Fraud
Mahmoud Elbagoury, MBA, CIA, CFE, CISA, CRISC, CertDir
Chief Audit Executive | Board Director | Committee Member | KPMG Alumni | IFC Nomination | McKinsey Champion | IIA Ambassador | ACFE Mentor
Fraud is an insidious crime, marked not by violence, but by deceit and a breach of trust. Imagine someone secretly manipulating another's business accounts for personal gain, or a company deceitfully avoiding payment for services rendered. These scenarios encapsulate fraud's essence — illegal acts committed by individuals or organizations, driven by the lure of money, property, or a competitive edge. Unlike crimes of brute force, fraud's weapon is the lie, wielded to obtain services, dodge debts, or gain unearned advantages. Each act of fraud, whether in shadowy dealings or in the bright lights of corporate offices, chips away at the foundation of trust that our society is built upon.
Doctor Administración, EMBA, Economista | Internal Audit Foundation Ambassador | QA Evaluador Calidad Auditoría Interna | Certificado Formación de Docentes | Consultoria ERM y Control Interno Auditoria Basada en Riesgo.
11 个月Thanks for the reflection, it effectively undermines the foundations of trust on which our society is built.