Page 290 - ACFE Fraud Reports 2009_2020

Victim organizations

Primary Internal control Weakness by Size of Victim Organization

47.0% <100 Employees
Lack of Internal Controls 12.0% 17.5% 33.7% 100+ Employees
Most Important Contributing Factor Lack of Independent Checks/Audits 5.2% 8.5% 22.3%
Lack of Management Review
17.8%
Override of Existing Internal Controls
7.8%
Poor Tone at the Top
7.0%
5.8%
Lack of Competent Personnel
7.8%
in Oversight Roles
1.6%
Lack of Clear Lines of Authority
2.0%
1.2%
Lack of Employee Fraud Education
2.0%
0.2%
Lack of Reporting Mechanism 0.9%
0% 10% 20% 30% 40% 50%
Percent of Cases

Primary Internal control Weakness in largest cases

Lack of Internal Controls 16.8% 32.7% 39.7% $1 Million+ Cases
Most Important Contributing Factor Lack of Independent Checks/Audits 0.7% 16.3%
19.0%
<$1 Million Cases
Override of Existing Internal Controls
19.1%
Lack of Management Review
18.2%
Poor Tone at the Top
5.8%
Lack of Competent Personnel
6.7%
7.0%
in Oversight Roles
6.5%
5.3%
Lack of Employee Fraud Education
2.3%
0.7%
Lack of Clear Lines of Authority
2.0%
Lack of Reporting Mechanism 0.5%
0.7%
0% 10% 20% 30% 40% 50%
Percent of Cases

46 | 2010 RepoRt to the NAtioNs ON OccuPATIONAl FRAUD ANd AbuSE