Page 21 - ACFE Fraud Reports 2009_2020
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As a part of the study of methodologies, each respondent was asked to provide information on
how fraud and abuse affected different financial accounts within the organization. Fraud in the
cash account resulted in median losses of $100,000. Fraud in accounts receivable and services
resulted in the highest median losses of about $300,000 in each category.
Percent of the Most Frequently Cited Financial Accounts:
The most common account affected by occupational fraud and abuse is cash, representing 47%
of the incidents. The account least affected was other expenses, which was cited in about 10% of
all cases.
