Zimbabwe: Occupational Fraud At a Glimpse

opinion

Isn't it all too easy to think of fraud as someone else's problem? When people set up their own businesses, the threat of fraud may not be a major concern -- its importance may only gradually dawn on them. Most managers in Zimbabwe may tend to be more worried about the Bank Manager, the Tax Inspector, Central Bank officials and the auditor than the threat of fraud.

The threat of occupational fraud has always existed in Zimbabwean organisations in all sectors, however, the opportunities for it have expanded with the hyper inflationary and deteriorating economic environment which has brought real and substantial corporate crime threats and difficulties that have seriously affected organisational perfomance by interrupting business operations as evidenced by the reduction in foreign direct investment, closure of companies, volatile stock prices and erosion of shareholder, employee (brain drain) and market confidence.

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