Page 641 - ACFE Fraud Reports 2009_2020

FIG. 72 What anti-fraud controls are the most common in FIG. 74 Cases by country in the Middle
the Middle East and North Africa? East and North Africa

Control Percent of cases Country Number of cases
External audit of financial statements 93% Algeria 1
Internal audit department 85% Bahrain 2
Management certification of financial statements 81% Cyprus 5
Code of conduct 78% Egypt 8
External audit of internal controls over financial reporting 69% Iraq 1
Management review 68% Israel 4
Independent audit committee 67% Jordan 10
Hotline 59% Kuwait 5
Surprise audits 59% Lebanon 2
Anti-fraud policy 54% Oman 4
Fraud training for managers/executives 47% Qatar 8
Fraud training for employees 47% Saudi Arabia 16
Dedicated fraud department, function, or team 44% Syria 1
Formal fraud risk assessments 40% United Arab Emirates 34
Proactive data monitoring/analysis 40%
Total cases: 101
Employee support programs 33%
Job rotation/mandatory vacation 23%
Rewards for whistleblowers 9%
MEDIAN LOSS:

FIG. 73 How does the perpetrator’s level of authority
relate to occupational fraud in the Middle East and North usd 200,000
Africa?

41%
�
�
�
�
33% 5%
PERCENT OF C A SES 23% �
OF ALL CASES
101
CASES

Employee Manager Owner/executive

$105,000
$175,000

MEDIAN L OSS

$1,250,000

Middle East and North Africa Report to the Nations 65