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When one is handed with power, the natural temptation is to continuously test and enjoy the extent of its influence. Like Plato puts it “Access to power must be confined to those who are not in love with it”, if one is not careful, it will mark the beginning of a love affairs with corruption. The emergence of cases from both public and private sectors involving figures from senior position shows that this love affair is all, but slowing down.
What we have done so far is the same old strategies - “enhance control processes controls, increase supervision or adding extra manpower to oversee the processes”. But experiences had taught us that if such methods worked, we will not need to go through the vicious cycle of patching gaps over and over again. The truth of the matter is that this is not just a “process” or “system” problem but a human one. Anyone who manages the processes can choose to exploit them no matter how many times you changed thus what we need are strategies to minimise those opportunities. Thus the next question would be who is most qualified to tackle this matter. Our recommendation is if it is about fraud, it should always be a Certified Fraud Examiner.