Question

Effects of fraud and corruption ​

Answer 1

Fraud can affect any entity. However, when it is handled poorly, fraud can result in an erosion of trust in government and industries, and lead to a loss of international and economic reputation. This is particularly true when fraud is facilitated by corruption.

Answer 2

Fraud occurs in the public sector and can impact any organization. When fraud against government programs is handled incorrectly, however, it can lead to a loss of trust in the government and industries, as well as a loss of international and commercial reputation. This is especially true when fraud is made possible by corruption.