Page 727 - ACFE Fraud Reports 2009_2020

FIG. 74 What anti-fraud controls are the most common in FIG. 76 Cases by country in Southern Asia
Southern Asia?
Country Number of cases
Control Percent of cases Afghanistan 3
External audit of financial statements 88% Bangladesh 4
Management certification of financial statements 86% India 77
Internal audit department 86% Nepal 1
Pakistan
Code of conduct 81% Median Loss Southern Asia? 15
External audit of internal controls over financial reporting 76% Sri Lanka 3
Management review 72% Total cases: 103
Independent audit committee 70%
Hotline 66%
Anti-fraud policy 64%
How does the perpetrator's level of authority relate to
Fraud training for managers/executives 55%
occupational fraud in Southern Asia?
Fraud training for employees 51% MEDIAN LOSS:
Employee support programs 43%
Surprise audits 43%
Dedicated fraud department, function, or team 36% usd 117,000
Formal fraud risk assessments 35%
Proactive data monitoring/analysis 34%
Job rotation/mandatory vacation 29%
Rewards for whistleblowers 20% 5%

FIG. 75 How does the perpetrator’s level of authority OF ALL CASES
relate to occupational fraud in Southern Asia? � � � � �
103

45 42% CASES

40
46%
35 31%
PERCENT OF C A SES 25 23%
30

20

15
10
5

0
Employee Manager Owner/
executive

$28,000

$117,000
MEDIAN L OSS

$575,000

Southern Asia Report to the Nations 71