Detecting and Preventing Fraud –
PwC’s Economic Crime & Fraud Survey 2020
Key findings and insights from PwC’s Economic Crime & Fraud Survey 2020 for Australia
Detecting and preventing Fraud – Key findings and insights from PwC’s
With over one-third of Australian companies being hit by a fraud in the past two years, detecting and preventing fraud is a key pillar in any risk management frameworks. Too often organisations review their risk management framework after an incident where the cost to remediation was high (millions), time consuming and impacting brand and reputation.
In this session, Patrick Millwood from PwC Australia and Charles from Whispli will discuss the following:
- Key findings from the Economic Crime & Fraud Survey for Australian organisations
- Practical steps and strategies to reinforce detection and prevention mechanism
- Emerging risks to consider when reviewing your Risk & Fraud Management framework
- Direct benefits of a proactive approach in comparison to a reactive approach
Patrick Millwood is a Manager in the Sydney Risk & Forensic practice at PwC with 6 years’ experience in fraud, bribery and corruption investigations. Patrick has assisted clients in the public and private sectors responding to a variety of misconduct and mismanagement matters, as well as providing advice on fraud and bribery prevention and compliance programs.
Charles has over 10+years’ of experience in the technology and SaaS sector. Witnessing the rapid change in technologies around us, he has advised many clients on how to best leverage & implement SaaS technology to improve existing processes and challenge the status quo. He recently joined Whispli and has been working closely with clients to successfully leverage Whispli to foster a speak-up culture and effectively identify risks related to misconduct.
"Whispli is hands down the most watertight way to catch and manage wrongdoing in your organization. If you're not using it, then you're not serious about preventing fraud or corruption."
Group Risk & Compliance Manager, Topshop Topman