Question

In light of corporate crime, what position in a business entity would give you the best chance to deter corporate crime and why do you feel this way?

Answer 1

Answer

Corporate crime:

Corporate crime, also called organizational crime, type of white-collar crime committed by individuals within their legitimateoccupations, for the benefit of their employing organization. Such individuals generally do not think of themselves as criminals, nor do they consider their activities criminal. Related to corporate crime is professional white-collar crime, which is crime committed by those who identify with crime and make crime their sole livelihood.

(1) The determination of corporate crime is more dependent on the quality of internal check and control system rather the position of the business entity.

(2) In other words, at the lower level position, you are able to detect fraud or crime, if the internal check and control system is effective and in case of poor internal check and control system, even at the top positions you are not able to find out fraud or crime.

(3) Generally, the immediate supervisor of the peer is able to track the crime or fraud because his work starts where the work of the peer ends in the organization.