Decoding frauds in the manufacturing sector
Detect. Respond. Prevent.
The manufacturing sector is often one of the most vulnerable sectors which is exposed to the risk of fraud and corruption. Some of the most recent frauds in the manufacturing sector that have caused significant losses to companies have been due to inferior product quality triggering product recalls, warranty claims fraud and IP infringement. In some cases, these have also resulted in criminal/civil actions due to regulatory and statutory violations. Additionally, in our experience, one of the most common frauds in this sector is inventory fraud, which continues to be a cause of concern.