When it comes to fraud and white-collar crime, one thing is clear: Most companies lack a clearroad map and direction to address it. This createsan environment where fraudulent acts can occur andcontinue unchecked. According to a new survey from Protiviti and the Economic Crime and Justice Studies Department at Utica College, many organizations are under-resourced and “putting out fires” far more often than they’re focusing on proactive fraud detection and conducting investigations consistently.

For more information, visit Protiviti.com/FraudSurvey. © 2016 Protiviti Inc. An Equal Opportunity Employer M/F/Disability/Veteran.

Protiviti is not licensed or registered as a public accounting firm anddoes not issue opinions on financial statements or offer attestation services.

Taking the Best Routeto Managing Fraud

and Corruption Risks

Percentage of organizationsin which internal resources

have limited availabilityto address fraud risk

4747Percentage of

organizations in which the fraudrisk strategy is considered

“well defined”

1717Percentage of organizationsthat conduct a formal fraud

risk assessment atleast annually

5252

Percentage of organizationsthat do not conduct duediligence on business

intermediaries (third parties)prior to onboarding

* Includes “Don’t know” responses

3535Percentage of organizationsthat don’t conduct any

formal fraud riskassessment*

* Includes “Don’t know”responses

2727Percentage of midsize and small

companies, respectively,that lack a fraud

detection program

55 and 6855 and 68

Percentageof organizations

that utilize ongoingforensic data analysis

to identify potential red flags and fraud indicators

1414Percentage of organizations

that have a high level ofconfidence in their vendor

fraud and corruptionrisk oversight

66

*