Page 275 - ACFE Fraud Reports 2009_2020

Size of Victim Organizations — Median loss by Region

$875,000 <100 Employees
Europe
$513,000
100+ Employees
$387,000
Asia
$250,000
$200,000
Canada
$110,000
Region United States $80,000
$150,000
Central/South America $135,000
and the Caribbean $200,000
$65,000
Africa
$258,000
$195,000
Oceania
$574,000
$0 $200,000 $400,000 $600,000 $800,000 $1,000,000
Median Loss

Methods of Fraud in small Businesses Small businesses
Because the challenges faced by small businesses in (<100 Employees) — 537 cases
combating occupational fraud are numerous and unique, Number of percent of
scheme 10
it is helpful to know the types of frauds that are most Cases Cases
Billing 154 28.7%
prevalent within these organizations. Such observations
Check Tampering 140 26.1%
may help small businesses target their limited resources Corruption 137 25.5%
to those areas that pose the greatest risk. Skimming 116 21.6%
Expense Reimbursements 90 16.8%
Of course, the specific risks faced by any organization are Non-Cash 80 14.9%
Cash on Hand 79 14.7%
largely dependent on its particular industry, operating envi-
Payroll 72 13.4%
ronment, processes, culture and many other factors. None-
Larceny 66 12.3%
theless, examining which fraud schemes are most com- Financial Statement Fraud 30 5.6%
monly perpetrated at small companies can aid us in better
10 The sum of percentages in this table exceeds 100% because several cases involved
understanding the fraud issues faced by these businesses. schemes from more than one category.

2010 RepoRt to the NAtioNs ON OccuPATIONAl FRAUD ANd AbuSE | 31