Page 671 - ACFE Fraud Reports 2009_2020

When designing anti-fraud controls, FIG. 7 How long do different occupational fraud schemes last?
assessing fraud risks, and enacting
proactive detection measures, it is Payroll
helpful to understand the potential 24 months
impact of different types of fraud
schemes. In addition to analyzing Check and payment tampering
the median loss and frequency of 24 months
the categories of occupational fraud Register disbursements
(see Figures 2 and 5 on pages 10 24 months
and 13, respectively), we examined
how long cases in each of these Financial statement fraud
categories tend to last. As noted in 24 months
Figure 7, companies tend to catch Expense reimbursements
noncash schemes the quickest (13 24 months
months), while several scheme cat-
egories typically last 2 years before Billing
being uncovered. 24 months

Cash larceny
21 months
Corruption
18 months
Skimming
16 months

Cash on hand
15 months
Noncash
13 months

How Is Occupational Fraud Committed? Report to the Nations 15