Page 417 - ACFE Fraud Reports 2009_2020

Asset Misappropriation Sub-Schemes
In addition to the three primary categories of occupational fraud, we have identified nine sub-categories of asset
4
misappropriation schemes, each representing a specific way that employees misappropriate organizational resources.
Figure 6 shows the relative frequency and median loss for each of these scheme types. As illustrated in that figure,
schemes involving check tampering, billing and non-cash misappropriations tend to represent the greatest risk in
terms of combined likelihood and cost.

Figure 6: Frequency and Median Loss of Asset Misappropriation Sub-Schemes

$140,000 Check Tampering
$120,000 (10.9%)
$120,000
Billing
$100,000 (22.3%)
$100,000 $95,000 (21.0%)
Non-Cash
MEDIAN LOSS $80,000 Payroll
$60,000
Cash Larceny
Skimming
$50,000 (8.9%) $50,000 (10.2%) $40,000 (11.8%)
$40,000 Register Disbursements
$20,000 (2.8%)
$20,000 Cash on Hand Expense Reimbursements
$18,000 (11.9%) $30,000 (13.8%)
$0
0% 5% 10% 15% 20% 25%
PERCENT OF CASES
LESS RISK MORE RISK

4 For definitions of each of these sub-scheme types, please see the Glossary of Terminology on page 71.

RepoRt to the NatioNs oN occupatioNal FRaud aNd abuse 13