The Association of Certified Fraud Examiners estimates that organizations lose at least 5% of their revenues to fraud each year. So, if your business is bringing in $1 million in annual revenues, you could be losing $50,000 of those hard-earned dollars to occupational fraud – fraud committed by employees against their employers. All fraud is committed by a person in a position of trust.
The 2020 Report to the Nations provides a Fraud Prevention Checklist (on page 84) to assist organizations in evaluating the effectiveness of their internal control environment.
Free Consultation