When we think of financial crime, few would consider procurement fraud to be one of the most pressing threats facing their business. Yet according to PwC, this form of fraud is the second-most commonly reported economic crime in the world, ranking above bribery, corruption and even cybercrime.
The big four (B4) companies have been mired in a number of scandals that have tarnished their previously unscathed reputations. As a result, regulatory and political bodies want to place the big four on the chopping board. The proposed breakup will have advantages and disadvantages.