About the ACFE. About the ACFE. The Association of Certified Fraud Examiners is the worldâ€™s premier provider of anti-fraud training and education.
This study covers 508 cases of occupational fraud totaling over $761 million in losses.
“The use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization’s resources or assets.”
— is clandestine;
— violates the perpetrator’s fiduciary duties to the victim organization;
— is committed for the purpose of direct or indirect financial benefit to the perpetrator; and
— costs the employing organization assets, revenue, or reserves.
1.) Summarize the opinions of experts on the percentage and amount of organizational revenue lost to all forms of occupational fraud and abuse
2.) Examine the characteristics of the employees who commit occupational fraud and abuse
3.) Determine what kinds of organizations are victims of occupational fraud and abuse
4.) Categorize the ways in which serious fraud and abuse occurs.
1. The case involved occupational fraud;
2. The fraud occurred within the last two years;
3. The investigation of the fraud was complete; and
4. The CFE was reasonably sure that the perpetrator had been identified.
The ACFE would like to thank the hundreds of Certified Fraud Examiners who made this report possible.
This information shows how having effective fraud prevention, deterrence and detection measures in your organization can save money.
Although fraud is widespread today, its potential impact on your organization can be reduced through appropriate anti-fraud programs.
are available from:
Association of Certified Fraud Examiners
The Gregor Building
716 West Avenue
Austin, TX 78701-2727
(800) 245-3321 (USA & Canada)
(0800) 962049 (United Kingdom)
+1 (512) 478-9000
Fax: +1 (512) 478-9297