$1,250,000 Notified by Law Enforcement

$49,000 Surveillance/Monitoring

$70,000 IT Controls

$75,000 Account Reconciliation

$100,000 Internal Audit

$220,000 Document Examination

$125,000 Management Review

$149,000 Tip

$220,000 Confession

$360,000 External Audit

$325,000 By Accident

PROACTIVE MEASURES catch fraud sooner and minimize losses. Frauds that are caught by reactive measures last longer and cause more harm.

RE

AC

TIV

E

PR

OA

CT

IVE

$207,000

NO

CFES ON STAFF?

In organizations that employ Certified Fraud Examiners (CFEs), fraud losses are 53% LOWER on average.

$93,000

YES

$50,000 $98,000 $112,000 $150,000 $211,000$363,000

$436,000

$965,000

<7 7-12 13-18 19-24 25-36 37-48 49-60 61+months months months months months months months months

The LONGER a fraud lasts before it is detected, the MORE the victim organization loses.

AN INCIDENT OF FRAUD COSTS A COMPANY A MEDIAN OFNEARLY A QUARTER OF THESE FRAUDS COST THE BUSINESS AT LEAST

Data from the ACFE’s 2014 Global Fraud Study, Report to the Nations on Occupational Fraud and Abuse. © 2016 Association of Certified Fraud Examin-ers, Inc. All rights reserved. “ACFE,” “CFE,” “Certified Fraud Examiner,” “Association of Certified Fraud Examiners,” “Report to the Nations,” the ACFE Logo and related trademarks, names and logos are the property of the Association of Certified Fraud Examiners, Inc., and are registered and/or used in the U.S. and countries around the world.

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November 12-18, 2017