The 2018 Report to the Nations on Occupational Fraud and Abuse issued by the Association of Certified Fraud Examiners (ACFE) includes 1,000 cases from the US that were investigated between January 2016 and October 2017. These cases caused a median loss of US $108,000 per case.
As noted in Exhibit 14.1, corruption is the most common form of occupational fraud committed in the US; 30% of the cases analyzed involved some form of corruption. Billing schemes are the second most common category of occupational fraud, occurring in just over one-quarter of the cases. In addition, fraud schemes in the US are more than twice as likely to be detected by a tip as by any other means (see Exhibit 14.2).
Exhibit 14.2Initial Detection Method – United States
The 2018 Report to the Nations also examines the anti-fraud controls that were present at victim organizations at the time the frauds being analyzed were committed. Exhibit 14.3 shows that a formal code of conduct is the most commonly implemented anti-fraud control among victim organizations in the US, followed by external audits of financial ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month, and much more.
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
