The ACFE has recently published their 2016 Report to the Nations on Occupational Fraud and Abuse.The report provides an analysis of 2,410 cases of occupational fraud that occurred in 114 countries throughout the world.The frauds in this study accounted for more than $6.3 billion in total losses.
As stated by James D. Ratley, CFE (President, Association of Certified Fraud Examiners):
The 2016 Report to the Nations contains a wealth of information about how occupational fraud is committed and how it is detected, along with detailed statistics about the victims and perpetrators of these crimes. The report is an excellent resource for you to educate your clients and employers about the risk of occupational fraud. Throughout the report, you will find a tremendous amount of information to help you assess fraud risk and benchmark your company’s or clients’ anti-fraud programs against those at similar organizations.
We have also created a dedicated Report to the Nations website with additional information not found in the report. It features customizable graphics that enable you to easily create and download charts with data specifically relevant to the needs of your organization or clients.
A PDF version of the report is available for download on the site. If you have a subscription to the print edition of Fraud Magazine, you will receive a printed copy of the report with your May/June edition.
The Report to the Nations is a free resource made available by the ACFE as a public service to its members and the general public. We encourage you to share this study with your colleagues, clients, employers or anyone else interested in learning more about how occupational fraud impacts business and government organizations.