Post by account_disabled on Oct 19, 2023 16:09:22 GMT 10
After the various scandals involving private companies and public bodies, corruption has been a major focus of discussion among Brazilians.
The numbers are alarming: half of Brazilian companies suffered some type of economic crime in the last two years, according to PwC's Global Economic Crime and Fraud Survey.
For this reason, companies have lost 5% of their annual revenue, as a result of fraud and internal economic deviations.
In this article we will discuss the difference Brother cell phone list between fraud and corruption and ways to prevent these crimes from occurring in your company.
What is Corruption?
We can define it as the misuse of public services in the interest of private gain, as well as for the benefit of a political party or company.
What are the types of corruption?
Active Corruption
In active corruption, the individual who offers an undue advantage to a public official.
Article 333 of the Penal Code , this crime is committed by a private person against a public official:
Art. 333. Offering or promising undue advantage to a public official, to encourage him to perform, omit or delay an official act.
Passive Corruption
The crime of passive corruption occurs when the public official himself requests or receives an undue advantage:
Art. 317. Request or receive, for oneself or for others, directly or indirectly, even outside the function or before assuming it, but because of it, undue advantage, or accepting a promise of such an advantage
What is fraud?
As defined by the Institute of Internal Auditors (IIA), fraud is any intentional act or omission designed to deceive others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain.
What is the difference between fraud and corruption?
In Brazil, as we said previously, Corruption can be defined as the misuse of public or financial power entrusted to a public agent.
The concepts are mixed, and several fraudulent acts can also be considered corruption.
However, in fraud, benefits are obtained through misdemeanors without necessarily violating legal norms. It can therefore be said that corruption is a type of fraud.
How to prevent these irregularities from occurring?
One of the effective mechanisms to combat these illegal acts in companies is the implementation of a Reporting Channel.
More than 50% of fraud occurring within companies was discovered through a reporting channel, according to the largest anti-fraud institute in the world – Association of Certified Fraud Examiners (ACFE)
With this data in hand, institutions that use an anonymous reporting channel can drastically reduce the incidence of fraud and irregularities.
Wide dissemination of the channel, in line with a code of conduct and a policy guaranteeing whistleblower anonymity and non-retaliation are essential for the full functioning of combating these situations.
Click here and learn more about how the reporting channel can improve your company's climate and reputation.
The numbers are alarming: half of Brazilian companies suffered some type of economic crime in the last two years, according to PwC's Global Economic Crime and Fraud Survey.
For this reason, companies have lost 5% of their annual revenue, as a result of fraud and internal economic deviations.
In this article we will discuss the difference Brother cell phone list between fraud and corruption and ways to prevent these crimes from occurring in your company.
What is Corruption?
We can define it as the misuse of public services in the interest of private gain, as well as for the benefit of a political party or company.
What are the types of corruption?
Active Corruption
In active corruption, the individual who offers an undue advantage to a public official.
Article 333 of the Penal Code , this crime is committed by a private person against a public official:
Art. 333. Offering or promising undue advantage to a public official, to encourage him to perform, omit or delay an official act.
Passive Corruption
The crime of passive corruption occurs when the public official himself requests or receives an undue advantage:
Art. 317. Request or receive, for oneself or for others, directly or indirectly, even outside the function or before assuming it, but because of it, undue advantage, or accepting a promise of such an advantage
What is fraud?
As defined by the Institute of Internal Auditors (IIA), fraud is any intentional act or omission designed to deceive others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain.
What is the difference between fraud and corruption?
In Brazil, as we said previously, Corruption can be defined as the misuse of public or financial power entrusted to a public agent.
The concepts are mixed, and several fraudulent acts can also be considered corruption.
However, in fraud, benefits are obtained through misdemeanors without necessarily violating legal norms. It can therefore be said that corruption is a type of fraud.
How to prevent these irregularities from occurring?
One of the effective mechanisms to combat these illegal acts in companies is the implementation of a Reporting Channel.
More than 50% of fraud occurring within companies was discovered through a reporting channel, according to the largest anti-fraud institute in the world – Association of Certified Fraud Examiners (ACFE)
With this data in hand, institutions that use an anonymous reporting channel can drastically reduce the incidence of fraud and irregularities.
Wide dissemination of the channel, in line with a code of conduct and a policy guaranteeing whistleblower anonymity and non-retaliation are essential for the full functioning of combating these situations.
Click here and learn more about how the reporting channel can improve your company's climate and reputation.