ACFE Fraud Survey – Importance of Training Programs

According to the recent fraud survey conducted by Association of Certified Fraud Examiners (ACFE), the most effective fraud prevention tactics were “non-accounting controls” such as hotlines and training and support programs for both employees and managers.  The human factor also played a significant role in the discover of fraud.  The most common method of catching a fraudster is a tip-off.  In fact, tips expose fraud three times as often as do management reviews, internal audits, and account reconciliations.

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2 Responses to ACFE Fraud Survey – Importance of Training Programs
  1. Paul
    December 8, 2010 | 4:09 PM

    It’s funny how we read these facts from the 2010 Report to the Nations from ACFE and don’t think of the societal aspect of it. I read a great post on the report earlier, so I figured I’d share. Thanks for the post.

  2. Murat Can
    January 6, 2011 | 3:03 AM

    The facts are to be true. However, there is not any statistical data that shows the how much fraudulent activity prevented by internal audit departments.