2012 Report to the Nations on Occupational Fraud and Abuse

 

The Association of Certified Fraud Examiners 2012 report to the nation on occupational fraud and abuse is based on actual fraud cases reported by CFEs. The report contains important facts very vital for business owners.

 

·         Median loss from reported fraud cases: $140,000.

·         Percent of frauds initially detected via tip: 43%.

·         Most commonly victimized industries: banking and financial services, government, public administration and manufacturing.

·         Percent of fraudsters with clean employment histories: 87%.

·         Percent of cases where a fraudster exhibited at least one red behavioural red flag: 81%.

 

This report also draws important conclusions about the impact of fraud on small businesses, the importance of “hotlines” for reporting suspected fraud and other matters.

  

An electronic version of this report is available via http://www.acfe.com/rttn.aspx