Page 660 - ACFE Fraud Reports 2009_2020
P. 660
OUR STUDY COVERED
KEY FINDINGS
2,504 cases Causing total
from losses of more than
125 countries $3.6 Billion
Typical CFEs estimate that
fraud CASE organizations MEDIAN LOSS
lose PER CASE:
5 % of revenue AVERAGE LOSS
$125,000
to FRAUD
lasts causes a EACH YEAR PER CASE:
14 months loss of $1,509,000
before $8,300
detection per month
Asset Misappropriation financial statement
are
are
CORRUPTION was the schemes the fraud schemes the
most common most common and least costly least common and most costly
scheme in every $954,000
global REGION 86% $100,000 10% median loss
median loss
of cases of cases
Organizations with
fraud awareness training 43% of schemes were detected by tip,
for employees were and half of those tips
more likely to gather tips through came from employees
formal
reporting
mechanisms Telephone hotline and email
were each used by
whistleblowers in
56% of tips with training 33%
37% of tips without training of cases
4 Key Findings Report to the Nations
