In June, an AmCham breakfast meeting focused on corporate fraud and why things may go wrong, with speakers Piotr Szymankiewicz and Magdalena Simkowska from the forensic department of PwC, and David Rapkiewicz and Maciej Antoniak, lawyers at K&L Gates.
The teams held a presentation of the problem of fraud in business from a general perspective, focusing on how to detect critical situations within the company, how to work with law enforcement authorities, how to follow through the law enforcement process, and also what to do afterwards and why it is important for companies to manage crisis situations.
The underlying message was that no organization should think that their internal structure protects them entirely from fraud. Fraudulent activities may take place in any company. According to PwC’s statistics, there is a high perception of fraud-related problems in Polish companies, with some 33% of managers aware first-hand of how fraud can harm their organization. That means that one in three managers of Polish companies have had some experience with fraudulent situations in their organization. This in turn means that Poland has a relatively high rate of fraud, and business organizations still have a lot of work ahead to tackle the problem in terms of prevention and detection.