cost of complaceny infographic 2014 - · pdf filereactive proactive $207,000 no ......
TRANSCRIPT
$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.
© 2015 Association of Certified Fraud Examiners, Inc. All rights reserved. “ACFE,” “CFE,” “Certified Fraud Examiner,” “Association of Certified Fraud Examiners,” 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.
Data from the ACFE’s 2014 Global Fraud Study, Report to the Nations on Occupational Fraud and Abuse.
Download the full Report and view interactive graphs at ACFE.com/RTTN.
AN INCIDENT OF FRAUD COSTS A COMPANY A MEDIAN OFNEARLY A QUARTER OF THESE FRAUDS COST THE BUSINESS AT LEAST
November 15-21, 2015
INTERNATIONAL
WEEK