Page 439 - ACFE Fraud Reports 2009_2020

Figure 31: Frequency of Anti-Fraud Controls — Western Europe

Control Percent of Cases
External Audit of Financial Statements 88.0%
Management Certification of Financial Statements 80.5%
Code of Conduct 78.7%
Internal Audit Department 78.5%
External Audit of Internal Controls over Financial Reporting 76.4%
Management Review 72.7%
Independent Audit Committee 66.7%
Hotline 56.7%
Anti-Fraud Policy 48.2%
Fraud Training for Employees 45.8%
Employee Support Programs 45.7%
Fraud Training for Managers/Executives 42.9%
Dedicated Fraud Department, Function or Team 41.9%
Proactive Data Monitoring/Analysis 36.0%
Formal Fraud Risk Assessments 35.6%
Surprise Audits 29.5%
Job Rotation/Mandatory Vacation 13.8%
Rewards for Whistleblowers 5.0%

Figure 32: Frequency of Anti-Fraud Controls — Eastern Europe and Western/Central Asia

Control Percent of Cases
External Audit of Financial Statements 92.1%
Code of Conduct 88.6%
Internal Audit Department 83.1%
Management Certification of Financial Statements 74.6%
Independent Audit Committee 66.7%
External Audit of Internal Controls over Financial Reporting 65.2%
Management Review 63.8%
Hotline 50.0%
Anti-Fraud Policy 47.9%
Fraud Training for Employees 47.1%
Fraud Training for Managers/Executives 46.5%
Dedicated Fraud Department, Function or Team 43.2%
Surprise Audits 34.7%
Proactive Data Monitoring/Analysis 32.4%
Formal Fraud Risk Assessments 30.1%
Job Rotation/Mandatory Vacation 25.4%
Employee Support Programs 14.1%
Rewards for Whistleblowers 7.0%

REPORT TO THE NATIONS ON OCCUPATIONAL FRAUD AND ABUSE 35