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Friday, 15 August 2014

PWC: Only 54% of oil and gas staff think fraud programmes work

A total 91% of respondents to PricewaterhouseCooper’s (PWC) latest Africa oil and gas review indicated that their companies have anti-fraud and anti-corruption programmes in place. However, of these, On the brink of a boom notes that only 54% believe the programme is effective at preventing or detecting fraud and corruption.

Meanwhile, 6% of respondents said their anti-fraud and anti-corruption programmes were futile – the same levels as PWC’s 2012 research. More worrying is that 9% of the companies indicated that they had no programmes in place at all.