What is Fraud Costing Your Organisation?
How do you respond to fraud in your organization? Can you spot it ahead of time or as it’s happening? Or do you discover it after the fact, when it’s too late to do anything about it? According to the ACFE’s Report to the Nations on Occupational Fraud & Abuse, the typical organisation loses 5% of its revenues to fraud each year. Applied to the estimated 2011 Gross World Product, this figure translates to a potential projected global fraud loss of more than $3.5 trillion.