annual global fraud survey


The Association of Certified Fraud Examiners have released their report on their global survey of occupational fraud and corruption.

Key highlights from the report include:

  • An estimate that 5% of revenues is lost to fraud.
  • The average value of fraud identified was $145,000.
  • Frauds were running for an average 18 months before being identified
  • The presence of anti-fraud controls is associated with reduced losses and shorter fraud duration.

The full report is available on the ACFE website.