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ACFE 2010 report highlights fraud risks

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Fraud in our midst, the ACFE 2010 report to the Nation Presented by Charles E. Boyd CPA, CFE Yeager & Boyd, LLC
One fourth of the fraud in this Report caused at least $1 million in losses ,[object Object]
Typical organizations lose 5% of their annual revenue to fraud ,[object Object],[object Object]
Small Businesses are especially vulnerable to Fraud ,[object Object],[object Object]
Asset Misappropriation Schemes ,[object Object],[object Object],[object Object]
80% of the Fraud in this study was committed by individuals in one of six departments ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Occupational Fraud Definition ,[object Object]
Occupational Frauds ,[object Object],[object Object]
Occupational Fraud Schemes ,[object Object],[object Object],[object Object],[object Object]
Three Major Factors contribute to Fraud by Employees ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Behavioral Red Flags ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Employee Education is the Foundation of Prevention ,[object Object],[object Object]
Thieves Outside The Door ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Conclusions and Recommendations ,[object Object]
Components of effective fraud prevention and detection systems ,[object Object],[object Object]
Do not rely on audits ,[object Object],[object Object]
Fraud Prevention Check Up ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Check Up ,[object Object],[object Object]
Advise, Educate, Stay Alert ,[object Object]
Fraud Prevention ,[object Object],[object Object]

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ACFE 2010 report highlights fraud risks

  • 1. Fraud in our midst, the ACFE 2010 report to the Nation Presented by Charles E. Boyd CPA, CFE Yeager & Boyd, LLC
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