Page 33 - ACFE Fraud Reports 2009_2020

CFEs furnished 971 usable responses to the survey, 663 of which involved occupational fraud and abuse. The data in this
report is based solely on the information from those 663 cases. Cumulatively, the frauds in this study caused over $7 billion
in total losses. The largest fraud involved a financial statement swindle that caused $5.4 billion in losses; the smallest was a
fraudulent expense reimbursement in the amount of $100.

P A R T I C I P A N T S

S u rvey participants were CFEs drawn exclusively from the United States. In general, CFEs are usually employed in one of

t h ree industries: government, business, and public accounting (in that order). The CFEs who participated in our study had,
on average, 19 years’ experience dealing with fraud. Their occupations are listed below.

O C C U P A T I O N S O F S U R V E Y P A R T I C I P A N T S

OCCUPATION

Auditor 246

Fraud Examiner 182
Accountant 152

Investigator 103

Other 93
Law Enforcement 47

Loss Prevention Specialist 21

Attorney 8

0 20 40 60 80 100 120 140 160 180 200 220 240 260 280 300
RESPONSES 1

1
The number of responses exceeds 653, which is the total number of responses we received to this question, because some respondents listed themselves
under more than one occupational category.
P A G E 3