In the past two years, 45% of transportation and logistics companies reported being victims of economic crime, according to PricewaterhouseCoopers’ Global Economic Crime Survey. Crimes ranged from misappropriation of assets to complex accounting fraud.
In response, PricewaterhouseCoopers has developed a whitepaper titled “Protecting Transportation & Logistics Companies Against Fraud, Reputation & Misconduct Risk” that provides guidance on how to develop an effective antifraud program.
Among the recommendations:
1. Establish a baseline to assess existing antifraud programs and controls and develop a remediation plan.
2. Conduct a fraud risk assessment.
3. Evaluate design and validate operating effectiveness.
4. Address residual financial reporting fraud risks.
5. Standardize process for incident investigation and remediation.
For more information on “ProtectingTransportation & Logistics Companies Against Fraud, Reputation & Misconduct Risk,” please go to