Page 680 - ACFE Fraud Reports 2009_2020

VICTIM

ORGANIZATIONS

To better understand the victim organiza-
tions in our study, we questioned partici-
pants about the organizations’ type, size,
and industry, as well as the mechanisms FIG. 14 What types of organizations are victimized by
that the organizations had in place to occupational fraud?
prevent and detect fraud at the time the 44%

schemes occurred. 26%
PERCENT OF C A SES 16%

Type of Organization 9% 5%

As shown in Figure 14, 70% of frauds occurred
Public
in for-profit organizations, with 44% of the victim company company Government Nonprofit Other
Private
organizations being private companies and 26%
being public companies. Private and public or-
ganizations each suffered a median loss of USD
150,000. Nonprofit organizations only reported
9% of fraud cases and suffered the smallest
median loss of USD 75,000; however, many non- MEDIAN L OSS
profits have limited financial resources to begin $75,000
with, so a loss of this amount can be particularly
devastating to these entities (see “Fraud in Non- $100,000 $100,000
profits” infographic on page 28).

Level of Government Organization
Resources and operations vary at different $150,000 $150,000
levels of government, which can influence how
fraud affects these organizations. To illustrate
this, we analyzed the government organizations FIG. 15 What levels of government are victimized
by occupational fraud?
in our study by level. National-level government
entities experienced the greatest number of
frauds (45%) and had the highest median loss National: 45% Local: 32%
($200,000*)
($75,000*)
of USD 200,000, which is more than twice as 45 2 + F + 21 + 32 + State/provincial: 21% Other: 2%
much as the median loss at state/provincial ($91,000*) (N/A*)
government entities (USD 91,000). While local
governments reported the second-highest *Dollar amounts are median loss. Median loss
calculations for categories with fewer than 10
number of cases (32%), they suffered a relatively cases were omitted.
lower median loss of USD 75,000.

24 Victim Organizations Report to the Nations