Organizations around the world lose an estimated 5% of their annual revenues to occupational fraud–more than $3.5 trillion in U.S. dollars, according to a survey of Certified Fraud Examiners (CFEs).
The 2014 Report to the Nations on Occupational Fraud & Abuse includes data compiled from 1,483 cases of fraud submitted by CFEs globally.
Based on the findings, ACFE presents five of the top lessons business owners, directors and managers should heed to be better protected from the risk of fraud:
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