[Kevin Phillips] Banks, pension funds and insurance companies are the three most important pillars of our financial system, and all of them depend on large-scale participation to work effectively. The more people are invested in a pension scheme, the more capital it has to work with and the more opportunities it has to make successful investments.
[Kevin Phillips] Most accountants and auditors know the "fraud triangle", the combination of incentive, opportunity and rationalisation that creates a risk that an employee will attempt to defraud his company.
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