Page 643 - ACFE Fraud Reports 2009_2020

FIG. 77 What anti-fraud controls are the most common in FIG. 79 Cases by country in Southern Asia
Southern Asia?
Country Number of cases
Control Percent of cases Afghanistan 6

External audit of financial statements 90% Bangladesh 3
Internal audit department 88% India 72
Code of conduct 88% Maldives 2
Management certification of financial statements 85% Pakistan 13
External audit of internal controls over financial reporting 77% Total cases: 96
Independent audit committee 76%
Management review 76%
Hotline 63%
Anti-fraud policy 58% MEDIAN LOSS:
Fraud training for employees 56%
Surprise audits 53% usd 100,000
Fraud training for managers/executives 53%
Dedicated fraud department, function, or team 49%
Employee support programs 43%
Formal fraud risk assessments 42% 5%
�
�
relate to occupational fraud in Southern Asia? �
�
�
35%
Proactive data monitoring/analysis
25%
Job rotation/mandatory vacation
OF ALL CASES
9%
Rewards for whistleblowers
96
CASES
FIG. 78 How does the perpetrator’s level of authority
46%
PERCENT OF C A SES 31% 19%

Employee Manager Owner/executive

$50,000
$100,000
MEDIAN L OSS

$350,000

Southern Asia Report to the Nations 67