ACFE Archives - O&S CPAs & Business Advisors

Top 5 most interesting facts from ACFE 2018 Report to the Nation

Every two years the Association of Certified Fraud Examiner releases a study on fraud in their Report to the Nation. The 2018 report was recently released and I found the following facts to be very interesting. Over $7 billion in total losses. This number continues to increase. A majority of the victims recovered nothing. [...]

By Cindy Schoelen|2021-07-15T22:13:57-07:00May 4th, 2018|generally accepted accounting principles, General Tax And Accounting Information, fraud, fraud hotline, fraud prevention, fraudsters, internal control, cpa, ACFE|0 Comments

Association of Certified Fraud Examiners Release 2014 Fraud Report

Working with companies who have been victims of fraud on a regular basis, the report provided by the Association of Certified Fraud Examiners for 2014, hits the nail on the head. Here is a summary of their findings: Typical organization loses 5% of revenue each year to fraud. Median loss in their study was $145K. [...]

By Tamara Coil|2021-07-15T22:08:39-07:00May 21st, 2014|fraud, fraud hotline, internal control systems, forensic accountant, forensic accountants, internal control, ACFE|0 Comments