75% of managers have experienced fraud in the last 2 years, PwC report reveals

Seventy-fice per cent (75%) of Kenyan firms have experienced at least one form of economic crime in the past two years.

This is according to a Global Economic Crime and Fraud Survey by PwC which also puts the global average at slightly below 50% and the African average of 62%.

As many as 116 Board members and Senior Managers in large, medium and small organizations say Asset Misappropriation continues to be the most prevalent economic crime in Kenya and globally.