Page 725 - ACFE Fraud Reports 2009_2020

FIG. 69 What anti-fraud controls are the most common in FIG. 71 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 88% Bahrain 5
Internal audit department 87% Cyprus 11
Code of conduct 84% Egypt 6
Management certification of financial statements 83% Iraq 3
External audit of internal controls over financial reporting 74% Israel 1
Management review 72% Jordan 4
Independent audit committee 72% Kuwait 9
Hotline 72% Lebanon 4
Fraud training for managers/executives 58% Morocco 3
Surprise audits 55% Oman 5
Anti-fraud policy 55% Qatar 5
Fraud training for employees 55% Saudi Arabia 23
Dedicated fraud department, function, or team 46% Tunisia 2
How does the perpetrator's level of authority relate to
Formal fraud risk assessments 45% United Arab Emirates 46
occupational fraud in the Middle East and North Africa?
Proactive data monitoring/analysis 41% Total cases: 127
Employee support programs 34% Median Loss Middle East and North Africa?
Job rotation/mandatory vacation 33%
Rewards for whistleblowers 17%

FIG. 70 How does the perpetrator’s level of authority
relate to occupational fraud in the Middle East and North
Africa? MEDIAN LOSS:
50% usd 100,000

45
40 38%
46%
35 7%
PERCENT OF C A SES 25 12% � � � � �
30
OF ALL CASES

127
20
15
10
5 CASES
0
Employee Manager Owner/
executive

$98,000

MEDIAN L OSS $300,000

$600,000
Middle East and North Africa Report to the Nations 69