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The 2016 ACFE Report to the Nations Has Been Released

By May 31, 2016 No Comments

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