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do you agree with the statement if good governance won't completely prevent fraudulent behavior at will

do you agree with the statement if good governance won't completely prevent fraudulent behavior at will

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Answer #1

I agree with the statement. Good governance practices can reduce the instances of fraud and malpractices but will not assist in complete elimination. The reason being it difficult to predict how a particular person will behave when in power since abuse of power in the top management is of the main reasons for a fraud and good governance is the main objective of the top management behavior. Also, good governance alone cannot aid in reduction of fraud , the other factors such as socio- cultural, other policies of the company play an important role.

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