Drawing Due to the nature of occupational fraud, each from 1,921 occupational fraud cases investigated of the estimated 3.55 billion members of the by CFEs, this 13th edition of our study presents global workforce2 has the potential to engage in this crime, as their employers entrust them statistical analyses related to the methods used with organizational cash and assets in the to commit, detect,. [...] IN The goal of Occupational Fraud 2024: A Report to the Nations is to compile detailed information about occupational fraud cases in six critical areas: • The methods by which occupational fraud is committed • The characteristics of the organizations victimized by occupational fraud • The financial harm caused by occupational fraud • The characteristics of the people who commit • The means by whic. [...] As the typical case of occupational fraud lasts 12 months before being detected, the majority of the cases in our study likely occurred during the height of the COVID-19 pandemic. [...] OCCUPATIONAL FRAUD TRENDS AND THE IMPACT OF COVID Occupational Fraud 2024: A Report to the Nations 19 CONCEALMENT OF OCCUPATIONAL FRAUD After fraud perpetrators commit their schemes, they typically take steps to conceal the evidence of their crimes. [...] Our data indicates a relationship between the severity of the fraud and the detection method of the fraud schemes.
- Pages
- 106
- Published in
- Canada
Table of Contents
- Foreword 2
- Contents 3
- Key Findings 4
- Make an Impact: How to Use the Report 6
- Introduction 7
- The Global Cost of Fraud 9
- How Is Occupational Fraud Committed? 10
- Categories of Occupational Fraud 10
- The Fraud Tree 11
- Duration of Fraud Schemes 15
- Velocity of Fraud Schemes 17
- Occupational Fraud Trends and the Impact of COVID 18
- Concealment of Occupational Fraud 20
- Cryptocurrency Schemes 21
- Schemes Statistical Analysis 22
- Detection 23
- Initial Detection of Occupational Fraud 23
- Reporting Mechanisms 26
- Parties to Whom Whistleblowers Report 27
- Parties Alerted to the Fraud 28
- Detection Statistical Analysis 29
- Victim Organizations 30
- Type of Organization 30
- Size of Organization 32
- Industry of Organization 35
- Fraud in Goverment Organizations 37
- Anti-Fraud Controls at Victim Organizations 38
- The Importance of Providing Fraud Awareness Training 42
- Background Checks 48
- Internal Control Weaknesses that Contributed to the Fraud 49
- Victim Organization Statistical Analysis 51
- Perpetrators 52
- Perpetrator’s Position 52
- Perpetrator’s Tenure 54
- Perpetrator’s Department 54
- Profile of a Fraudster 57
- Perpetrator’s Gender 58
- Perpetrator’s Age 61
- Perpetrator’s Education Level 62
- Collusion by Multiple Perpetrators 63
- Perpetrator’s Criminal Background 64
- Perpetrator’s Employment History 65
- Behavioral Red Flags Displayed by Perpetrators 66
- Human Resources-Related Red Flags 67
- Behavioral Red Flags of Fraud 68
- Perpetrators Statistical Analysis 70
- Case Results 71
- Internal Action Taken Against Perpetrators 71
- Response to Fraud 72
- Reasons for Not Referring Cases to Law Enforcement 74
- Recovering Fraud Losses 75
- Fines 76
- Methodology 77
- Analysis Methodology 78
- Survey Participants 79
- Regional Focus 82
- Asia-Pacific 82
- Eastern Europe and Western/Central Asia 84
- Latin America and the Caribbean 86
- Middle East and North Africa 88
- Southern Asia 90
- Sub-Saharan Africa 92
- United States and Canada 94
- Western Europe 96
- Index of Figures 98
- Fraud Prevention Checklist 102
- Glossary of Terminology 104
- About the ACFE 105
