FRAUD AND CORRUPTION Essays

1067 Words Dec 7th, 2013 5 Pages
COURSE: BUSINESS VALUES AND ETHICS

ASSIGMENT: FRAUD AND CORRUPTION

TABLE OF CONTENTS

Introduction……………………………………………………………...3

Ethical issues………………………………………………………….....3

Impact on organization………………………………………………....3

Measures to be enforced………………………………………………..4

References………………………………………………………………6

INTRODUCTION
Fraud and corruption is one of the biggest issues that the society is facing and is also one of the most challenging issues that have yet to be tackled worldwide. Organizations end up losing a lot of profits due to the scrupulous nature of its employee’s fraudulous
…show more content…
Remuneration can also be a factor that can lead to fraud and corruption as poor pay contributes to how employees tend to conduct their activities, often by accepting bribes and falsifying accounting documents.

Impact of fraud and corruption to the organization
Most organizations end up loosing a lot of profits due to the scrupulous nature of its employees. The organization ends up loosing its place in the competitive market and at times leading to bankruptcy as most of its customers will tend to lean towards their competitors.

Occurrence of fraud in an organization makes people feel that the organizations system is ineffective and cannot adequately cater to their needs.
There is also the lack of trust because customers and the general public at large questions the company’s efficiency in product and service delivery and thus will end up loosing a lot of customers. The image of the company is shunned by the society and none will want to be associated with the company.

Service delivery of an organization is often affected by fraudulous activities as the society tends to be underprovided as the resources available are channeled elsewhere, or in other instances services are completely withheld from the consumers who in turn loose their trust in the organization. Example is the procurement department of most organizations,

Related Documents