How to Identify Fraud in Your Company
By Bob Nemeth, CPA/ABV, CVA, CDFA, Certified Fraud Examiner The Association of Certified Fraud Examiners (ACFE) estimates that fraud costs organizations worldwide nearly $4 trillion a year or five percent of the Gross World Product (GWP). The ACFE also reports that the median loss per case is $130,000. Usually, due to weaker internal controls, small …