Key Findings From the 2018 Report to the Nations: Middle East and North Africa Edition

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ACFE STAFF

In April 2018, the ACFE released the 2018 Report to the Nations, which provided a global analysis of the costs and effects of occupational fraud (i.e., fraud committed against the organization by its own officers, directors or employees). The report highlighted the tremendous impact occupational fraud has on organizations throughout the world.

In our latest sub-report, we focus more closely on how occupational fraud impacts the Middle East and North Africa. This study is based on 101 cases of occupational fraud from the region that were reported in our 2017 Global Fraud Survey.

Here are few of the key findings from the report:

  • The typical case of occupational fraud in the Middle East and North Africa caused a median loss of USD 200,000 and lasted a median duration of 12 months.

  • Corruption schemes were more than twice as common as any other scheme type, followed by the misappropriation of cash on hand, which occurred in more than one-fifth of the cases reported to us from the region.

  • The most common detection method was by a tip (38% of cases), with 55% of tips coming from employees of the victim organisation.

Find more trends and analysis from Sub-Saharan Africa, as well as download other useful infographics, at ACFE.com/RTTN.