Page 331 - 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 ................................................................................................................................... 14
• Initial Detection of Occupational Frauds
• Median Loss by Detection Method
• Source of Tips
• Impact of Hotlines
• Detection Method by Organization Size
• Detection Method by Scheme Type
• Detection Method by Region
Victim organizations ................................................................................................................................................ 20
• Geographical Location of Organizations
• Types of Organizations
• Size of Organizations
• Methods of Fraud in Small Businesses
• Industry of Organizations
• Anti-Fraud Controls at Victim Organizations
• Effectiveness of Controls
• Importance of Controls in Detecting or Limiting Fraud
• Control Weaknesses that Contributed to Fraud
perpetrators .............................................................................................................................................................. 39
• Perpetrator’s Position
• The Impact of Collusion
• 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
case Results ............................................................................................................................................................. 61
• Criminal Prosecutions
• Civil Suits
• Recovery of Losses
Methodology ............................................................................................................................................................ 64
appendix: breakdown of Geographic Regions by country ................................................................................... 67 2012 REPORT TO THE NATIONS on occupational FRAUD and abuse |
Fraud prevention checklist ...................................................................................................................................... 69
index ......................................................................................................................................................................... 70
about the acFe ........................................................................................................................................................ 74

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