Governments and non-profits are also susceptible to fraud

And then there's fraud on a massive scale.In 2003, Italian dairy food giant Parmalat went bankrupt after it was found to have fabricated a 4 billion dollar bank account and falsified financial statements to hide the fact that its subsidiaries had been losing money.Because it was family controlled,corporate governance and regulator supervision were difficult,and the company likely hoped that the losses could be recouped before anyone found out.And it's not just corporate greed.Governments and non-profits are also susceptible to fraud.