Page 438 - ACFE Fraud Reports 2009_2020

Figure 29: Frequency of Anti-Fraud Controls — Sub-Saharan Africa

Control Percent of Cases
External Audit of Financial Statements 88.6%
Internal Audit Department 80.1%
Code of Conduct 78.8%
Management Certification of Financial Statements 73.2%
Independent Audit Committee 67.7%
External Audit of Internal Controls over Financial Reporting 66.0%
Management Review 65.6%
Hotline 57.5%
Dedicated Fraud Department, Function or Team 49.1%
Anti-Fraud Policy 48.5%
Fraud Training for Employees 47.2%
Fraud Training for Managers/Executives 45.3%
Proactive Data Monitoring/Analysis 39.5%
Surprise Audits 38.5%
Employee Support Programs 37.7%
Formal Fraud Risk Assessments 35.3%
Job Rotation/Mandatory Vacation 20.5%
Rewards for Whistleblowers 16.5%

Figure 30: Frequency of Anti-Fraud Controls — Asia-Pacific

Control Percent of Cases
External Audit of Financial Statements 90.0%
Code of Conduct 89.4%
Internal Audit Department 85.1%
Management Certification of Financial Statements 79.0%
Independent Audit Committee 78.1%
External Audit of Internal Controls over Financial Reporting 73.9%
Management Review 72.2%
Hotline 62.7%
Anti-Fraud Policy 57.9%
Fraud Training for Employees 55.5%
Fraud Training for Managers/Executives 50.9%
Employee Support Programs 47.8%
Dedicated Fraud Department, Function or Team 44.2%
Surprise Audits 40.6%
Formal Fraud Risk Assessments 32.3%
Proactive Data Monitoring/Analysis 30.0%
Job Rotation/Mandatory Vacation 22.2%
Rewards for Whistleblowers 6.9%

34 REPORT TO THE NATIONS ON OCCUPATIONAL FRAUD AND ABUSE