ACFE Releases Its Latest Fraud Assessment Report

The Association of Certified Fraud Examiners (ACFE) has released its 2022 Report to the Nations. The study reviewed over 2,100 cases of occupational fraud from 133 countries. Fraud examiners estimate that organizations lose 5% of their annual revenue to fraud, with the average loss per case totaling almost $2 million. Types of Fraud The report mentions the three most frequent categories of occupational fraud: Asset misappropriation. The most common type, this involves employees stealing their…