Page 135 - ACFE Fraud Reports 2009_2020

Industries with the Most Industries with the Most Financial
Corruption Cases Statement Fraud Cases

There were 349 cases that involved some form of corruption, As reported earlier, 120 cases involved financial statement
and in 320 of those, the respondent identified the industry fraud. The following table shows the industries in which
of the victim organization. The following table shows the those financial statement fraud cases occurred, and the
number of corruption cases in each industry, as well as the percent of financial statement fraud within each industry.
percent of corruption cases in the industry.

Corruption Cases by Industry Financial Statement Fraud Cases by Industry
% %
All Corrupt. All FSF
Industry Corrupt. Industry FSF
Cases Cases Cases Cases
Cases Cases
Mining 1 1 100% Communications/ 16 4 25.0%
Publishing
Oil & Gas 32 15 46.9%
Wholesale Trade 30 6 20.0%
Manufacturing 101 39 38.6%
Manufacturing 101 20 19.8%
Utilities 34 13 38.2%
Service (general) 60 10 16.7%
Communications/ 16 6 37.5%
Publishing Construction 35 5 14.3%
Construction 35 13 37.1% Healthcare 89 12 13.5%
Banking/Financial 148 52 35.1% Retail 75 10 13.3%
Services
Banking/Financial
Service (scientific, Services 148 18 12.2%
professional or 58 20 34.5% Insurance 78 6 7.7%
technical)
Transportation and 27 2 7.4%
Transportation and 27 9 33.3% Warehousing
Warehousing
Service (scientific,
Education 73 24 32.9%
professional or 58 4 6.9%
Insurance 78 24 30.8% technical)
Retail 75 20 26.7% Real Estate 30 2 6.7%
Government Government
and Public 119 31 26.1% and Public 119 5 4.2%
Administration Administration
Agriculture, Education 73 3 4.1%
Forestry, Fishing 8 2 25.0% Utilities 34 1 2.9%
and Hunting
Arts,
Healthcare 89 21 23.6%
Entertainment 22 0 0.0%
Service (general) 60 14 23.3% and Recreation
Arts, Agriculture,
Entertainment 22 5 22.7% Forestry, Fishing 8 0 0.0%
and Recreation and Hunting
Wholesale Trade 30 6 20.0% Mining 1 0 0.0%
Real Estate 30 5 16.7% Oil & Gas 32 0 0.0%

ACFE Report to the Nation on Occupational Fraud & Abuse