The 2016 ACFE Report to the Nations Has Been Released

Author: Ed Elsner, CPA, CFE

The ACFE (Association of Certified Fraud Examiners) has recently released its bi-annual study on occupational fraud. This report includes case studies covering over $6.3 billion in fraud losses. Six billion is a very large dollar amount; however, it is small in comparison to the total worldwide fraud, which is $3.7 trillion annually.

A few key statistics:

• 23% of fraud cases result in fraud of over $1,000,000
• The median loss in if the cases was $150,000
• The median duration of a detected fraud was 18 months

Read the summary of the report.

Download the full report.

For more information on occupational fraud, please contact Ed Elsner at (231) 726-5848 or eelsner@brickleydelong.com.