Page 90 - ACFE Fraud Reports 2009_2020

Table of Contents

Detection of Frauds in Privately Held Companies 17

29.8%
Tip
39.6%
Method of Detection Internal Controls 14.6% 21.3% 33.9% Private Co.
18.7%
Internal Audit
23.8%
By Accident

All Cases

External Audit 14.0% 18.4%
10.9%
0.6%
Notified by Police
0.9%

0% 10% 20% 30% 40% 50%
Percent of Cases

Government Agencies
Government agencies were very successful at detecting occupational fraud through tips
and internal audits, while a significantly lower percentage of cases were detected by
accident in governmental agencies as opposed to the rate for all cases.

Detection of Frauds in Government Agencies 18
48.5%
Tip
39.6%
Method of Detection By Accident 11.8% 21.3% Government
32.4%
Internal Audit
23.8%
14.7%

All Cases
Internal Controls

5.9% 18.4%
External Audit
10.9%
1.5%
Notified by Police
0.9%

0% 10% 20% 30% 40% 50% 60%
Percent of Cases

17 The sum of percentages in this chart exceeds 100% because in some cases respondents identified more than one
detection method.
18 The sum of percentages in this chart exceeds 100% because in some cases respondents identified more than one
24 detection method.