Article reprint from The Journal of Corporate Renewal

The current economic downturn has had a significant impact on companies' operations. Business owners, corporate boards, and investors have seen once strong balance sheet deteriorate and comfortable profit margins dwindle. Many companies responded to the Great Recession by reducing their workforces and reengineering internal processes and procedures. While these responses may have achieved the desired effect of reducing costs and increasing profits, they may have also unintentionally increased the risk for fraud.