The ACFE Releases Occupational Fraud 2024: A Report to the Nations

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The ACFE Releases Occupational Fraud 2024: A Report to the Nations

To support organizations and anti-fraud professionals in combatting these challenges, the Association of Certified Fraud Examiners (ACFE) has released Occupational Fraud 2024: A Report to the Nations. The 13th edition of the ACFE’s biennial research report continues its pivotal role in shedding light on the pervasive issue of occupational fraud, offering unparalleled insights into the mechanics of fraud within organizations worldwide. 

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Essential Steps for Protecting Your Company in a Fraud Investigation

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Essential Steps for Protecting Your Company in a Fraud Investigation

Fraud is a pervasive issue that affects businesses, organizations and individuals across various industries. Often, an organization is surprised to find itself a victim of fraud, especially when the perpetrator is a trusted employee. According to the Association of Certified Fraud Examiners Occupational Fraud 2022: A Report to the Nations, organizations lose approximately five percent of revenue to fraud each year with the average loss per case totaling more than $1.78 million.

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Top 4 Internal Controls That Reduce Fraud Losses

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Top 4 Internal Controls That Reduce Fraud Losses

Proactive anti-fraud controls play a key role in an organization’s fight against fraud. While the presence of these mechanisms alone does not ensure that all fraud will be prevented, management’s commitment to and investment in targeted prevention and detection measures send a clear message to employees, vendors, customers and others about the organization’s anti-fraud stance. The ACFE’s 2020 Report to the Nations not only identifies the top anti-fraud controls that can help protect organizations, but also illustrates what can happen when controls are weak or altogether missing.

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Announcing the 2020 Report to the Nations

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Announcing the 2020 Report to the Nations

The 2020 Report to the Nations — the ACFE’s 11th study on the costs and effects of occupational fraud — represents the latest in a series of reports dating back to the first edition published in 1996. In the 24 years since it was first published, the Report to the Nations has arguably contributed more to our understanding of occupational fraud than any other source of information.

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Key Findings From the 2018 Report to the Nations: Sub-Saharan Africa Edition

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Key Findings From the 2018 Report to the Nations: Sub-Saharan Africa Edition

In a new sub-report, we now focus more closely on how occupational fraud impacts Sub-Saharan Africa. This study is based on the 267 cases of occupational fraud from Sub-Saharan Africa that were reported in our 2017 Global Fraud Survey. Collectively, these cases, which accounted for 13% of all cases in our global study, caused a median loss of USD 90,000 and lasted a median 12 months before they were detected. 

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