ACFE
Survey of Experts Finds Small Businesses Especially Vulnerable to Fraud
Published in Law and Health Weekly, August 30th, 2008
According to a new report released by the Association of Certified Fraud Examiners (ACFE), U.S. organizations lose an estimated seven percent of their annual revenues to fraud - but the damage is the worst among small businesses. Among the fraud cases detailed for the survey, the median loss suffered by organizations with fewer than 100 employees was $200,000, higher than the median loss for any other category.
The worldwide leader in anti-fraud training and education published the results of the survey in its highly-anticipated 2008 Report to the Nation on Occupational Fraud & Abuse. The ACFE's benchmarking data is compiled from 959 cases of occupational fraud that...
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