REPORT TO THE NATIONS 2018
Global Study On Occupational Fraud And Abuse
The world’s largest anti-fraud organization, the Association of Certified Fraud Examiners (ACFE), published recently its annual Global Study On Occupational Fraud And Abuse – REPORT TO THE NATIONS 2018
Besides being the world largest global study on occupational fraud, this year’s edition covers 2,690 real cases of occupational fraud. It draws Data from 125 countries, 23 major industry categories included, whilst exploring the costs, schemes, victims and perpetrators of fraud.
Interesting among others, is to find that corruption represents one of the most significant fraud risks for organizations in many industries and regions. Understanding the specific factors involved in corruption schemes can help organizations effectively prevent, detect, and investigate them. It was found that 50% of corruption cases were detected by a tip rather than other detection methods. Employees provide over half of tips, to detect corruption.
Source: New feed
