PricewaterhouseCoopers has released its third biennial Global Economic Crime Survey (2005) as reported on the Law Librarians blog here. The report, written in collaboration with Professor Dr. Kai-D Bussman, Chair of Criminology and Penal Law at Martin-Luther-University, Halle, Germany, explores two new topics: "the effectiveness of fraud risk management systems" and "the profiles of fraud perpetrators."

Within the latter section is an interesting finding- that is that: "[t]he development of internal control and risk management systems is important in managing the risk of fraud, but they can only go so far before they become complex and unwieldy – and, importantly, before they create an atmosphere of distrust."  This is an important point in looking at how best to structure an "effective program" within a company.  To minimize fraud, a "trust-oriented" approach is better than a "control-oriented" method. 

(esp) (with thanks to Joe Hodnicki) (see also co-blogger Peter Henning’s Comments here)