COMPANIES LOSE AN AVERAGE OF 5% OF REVENUE TO FRAUD

According to the Association of Certified Examiners 2020 Report to the Nations, Certified Fraud Examiners estimate 5% of Revenue is lost to fraudulent activity each year. This equates to more than $4.5 Trillion lost to fraud every year globally.

If you want to reduce your risk for Fraud, your best bet is to implement internal controls.

Without strong internal controls, fraudsters can evade detection for far longer and steal much larger sums from the company.

While Internal Controls only accounted for 2% of the fraud detected in the 2020 Report, it is the most effective method when the fraud scheme is measured by the median loss of $80,000 and duration of 7 months.

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