Pre-emptive strike

“An ounce of prevention is worth a pound of cure.” Benjamin Franklin was referring to fire prevention and as the founder of Philadelphia’s first fire brigade, he acted on his conviction and undoubtedly saved many lives and much property. Richard Minogue and Nigel Iyer believe the Franklin maxim applies equally to fraud and corruption.

They welcome comments and criticisms on richard.minogue@ septiagroup.com and nigel.iyer@septiagroup.com. This is the second of a series of two articles.

When it comes to our own health people sometimes put off a visit to the doctor or dentist until it is too late for fear of being labelled a hypochondriac, or simply because it doesn’t seem urgent. Going to the doctor takes time and costs money but could make the difference between life and death. Similarly, the cost of a single case of fraud or corruption is likely to be many times greater than the cost of an early health check.