Bulgaria Sees Higher Than Global Average Rate of Internal Fraud

A Growing Concern for Businesses Across Sectors

According to a recent survey by global consulting firm PricewaterhouseCoopers (PwC), Bulgaria has seen a higher than global average rate of internal fraud in the past year. The report reveals that 37% of Bulgarian companies have experienced some form of internal fraud, compared to the global average of 26%.

Most Common Types of Internal Fraud

• Bribery and corruption
• Embezzlement
• Misappropriation of assets

The survey, which polled over 7,000 executives from around the world, including 150 from Bulgaria, found that internal fraud is a growing concern for businesses across all sectors.

Quotes from Experts

“We are seeing a significant increase in internal fraud cases in Bulgaria,” said Reneta Mamassian, Forensic Services lead at PwC Bulgaria. “It’s essential for companies to have robust anti-fraud programs in place to prevent and detect these types of incidents.”

“Our team of experts can help organizations identify financial irregularities, analyze complex business issues, and mitigate the future risk of fraud,” said Bojidar Neytchev, SEE Advisory Leader at PwC Bulgaria.

Recommendations for Companies

• Implement effective risk assessments
• Improve internal controls
• Provide regular training to employees to reduce the likelihood of internal fraud

Response from PwC Bulgaria

In response to the findings, PwC Bulgaria is offering specialized forensic services to help companies detect and prevent internal fraud. The full report is available on request from PwC Bulgaria.

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