Mandating The Measurement Of Fraud: Legislating Against Loss (palgrave Pivot)

This project examines the concept of fraud loss measurement by critiquing existing measurement methodologies, and argues for the mandating of fraud loss measurement by enforced self regulation, the creation of a British Standard of fraud loss measurement, and the establishment of an information exchange matrix to develop best practice. Current estimates suggest that fraud is the most costly crime to society, yet the published fraud loss figures are just the tip of the iceberg. In an environment of relative complacency, or Immoral Phlegmatism, this book presents cutting edge research into the measurement and management of fraud. It examines the concept of fraud loss measurement, critiquing existing measurement methodologies, before putting forward recommendations for mandating fraud loss measurement through enforced self-regulation, the creation of a British Standard of fraud loss measurement, and the establishment of an information exchange matrix to develop best practice and core doctrine of fraud loss measurement. The arguments presented are supported by empirical evidence provided by the US Improper Payments Information Act of 2002, which mandates fraud loss measurement through regulation within high risk public sector programs, and features the findings from a first of its kind survey into attitudes towards fraud, the extent and nature of fraud loss measurement cross sector, whilst offering empirical evidence of the financial benefits of conducting fraud loss measurement exercises Front Matter....Pages i-x The Issue....Pages 1-14 Options for Change....Pages 15-27 The Dark Figure of Fraud....Pages 28-62 Measuring the Cost of Fraud....Pages 63-80 Legislating Fraud Loss Measurement....Pages 81-96 The Doctrine of Fraud Loss Measurement....Pages 97-110 Conclusion....Pages 111-129 Back Matter....Pages 130-149