As part of the Fraud Week, TEID’s “Companies’ Achilles Heel: Occupational Fraud” webinar was held online on Wednesday, November 17th.
17 November 2021 – Wednesday
“The Achilles Heel of Companies: Employee Abuse”
2021 “Fraud Awareness Week” was held on 14-20 November! Employee abuse continues to be an even greater threat to companies, with the new ways of working that the pandemic has brought to business.
An environment where economic conditions are getting tougher, business processes are getting more complicated, competition is getting tougher and the number of business partners is increasing creates many pressure, motivation and rationalization conditions for employees to commit abuse. If the company’s internal controls are also inadequate, employees can exploit the opportunities in the processes.
Companies that are aware of this danger manage their fraud risks with anti-fraud controls. Because even if frauds cannot be completely eliminated, many of them can be prevented without causing great harm to the company by managing fraud risks, or the fraudster can refrain from this action before it occurs.
As the Ethics and Reputation Association, this year, as in previous years, we aimed to contribute to the fight against abuse and to raise awareness on this issue. We would like to thank all our stakeholders who participated in our online event, where we offered the opportunity to look at the subject from different perspectives with the valuable sharing of our speakers.
Atty. Okan Demirkan, 6th Term TEID Board Member, Partner at Kolcuoğlu Demirkan Koçaklı Law Firm