Page 247 - ACFE Fraud Reports 2009_2020

Table of Contents

executive summary .............................................................................................................................................................4
introduction ..........................................................................................................................................................................6
the cost of occupational Fraud ..........................................................................................................................................8
• Distribution of Losses
How occupational Fraud is committed ............................................................................................................................10
• Asset Misappropriation Sub-Schemes
• Duration of Fraud Schemes
detection of Fraud schemes .............................................................................................................................................16
• Initial Detection of Occupational Fraud Schemes
• Source of Tips
• Impact of Hotlines
• Detection Methods Based on Organization Type
• Detecting Fraud in Small Businesses
• Detection of Occupational Fraud Based on Region
Victim organizations ..........................................................................................................................................................24
• Geographical Location of Organizations
• Type of Organizations
• Size of Organizations
• Methods of Fraud in Small Businesses
• Industry of Organizations
• Anti-Fraud Controls at Victim Organizations
• Anti-Fraud Controls at Small Businesses
• Anti-Fraud Controls by Region
• Effectiveness of Controls
• Importance of Controls in Detecting or Limiting Fraud
• Control Weaknesses that Contributed to Fraud
• Modification of Controls
perpetrators ........................................................................................................................................................................48
• Perpetrator’s Position
• Perpetrator’s Gender
• Perpetrator’s Age
• Perpetrator’s Tenure
• Perpetrator’s Education Level
• Perpetrator’s Department
• Perpetrator’s Criminal and Employment History
• Behavioral Red Flags Displayed by Perpetrators
Methodology ......................................................................................................................................................................75
appendix — breakdown of Geographic Regions by country ..........................................................................................78
Fraud prevention checklist ................................................................................................................................................80
about the acFe ..................................................................................................................................................................82

2010 RepoRt to the NatioNs on occupational FRaud and abuse | 3