Page 633 - ACFE Fraud Reports 2009_2020

FIG. 53 What anti-fraud controls are the most common in FIG. 55 Cases by country in the
the Asia-Pacific region? Asia-Pacific region

Control Percent of cases Country Number of cases
External audit of financial statements 93% Australia 38
Code of conduct 87% Cambodia 2
Internal audit department 80% China 49
Management certification of financial statements 79% East Timor 1
Hotline 74% Hong Kong 10
External audit of internal controls over financial reporting 73% Indonesia 29
Management review 71% Japan 4
Independent audit committee 69% Macau 1
Anti-fraud policy 60% Malaysia 14
Fraud training for employees 59% Myanmar (Burma) 1
Fraud training for managers/executives 57% New Zealand 8
Employee support programs 49% Papua New Guinea 1
Dedicated fraud department, function, or team 42% Philippines 25
Formal fraud risk assessments 37% Singapore 17
Surprise audits 34% South Korea 6
Proactive data monitoring/analysis 32% Taiwan 6
Job rotation/mandatory vacation 16% Thailand 3
Rewards for whistleblowers 11% Vietnam 5
Total cases: 220
FIG. 54 How does the perpetrator’s level of authority
relate to occupational fraud in the Asia-Pacific region?

41% MEDIAN LOSS:
usd 236,000

30% 26%
PERCENT OF C A SES � � � � �

11%
OF ALL CASES

220

Employee Manager Owner/executive CASES

$58,000

$323,000
MEDIAN L OSS

$1,000,000

Asia-Pacific Report to the Nations 57