Here are key findings from the 2018 ACFE Fraud Report. The survey is titled the 2018 Report to the Nations.
Every two years the Association of Certified Fraud Examiners (ACFE) issues a fraud report based on hundreds of actual fraud cases. The report provides great insights into how fraud occurs (the method), the persons stealing (the fraudster), and the damage (the amount of losses).
If you are an auditor (internal or external), then you need to be familiar with the findings in this report. Understanding how theft occurs will enable you to detect and prevent it in the future.
Here are key points from the report.
2018 ACFE Fraud Report Findings
Get Your Free Copy of ACFE Report
You can download the full ACFE Report to the Nations here. It's free.
Join the ACFE
I have been a member of the Association of Certified Fraud Examiners since 2004. Why? Because I want to be a better auditor. And I have found that the ACFE has given me a much greater understanding of how fraud happens and how to prevent it. The organization has made me a much better auditor. Consider joining this organization. (You can join without becoming a Certified Fraud Examiner (CFE), though I recommend doing that as well. Learn more about becoming a CFE.) You'll be glad you did.
CPA Hall Talk Fraud Articles
For more information about fraud, see White Collar Crime is Knocking at Your Door. There you will see a list of fraud-related articles that I have written.