Occupational fraud – To catch a thief
Abstract: In its 2012 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners (ACFE) estimates that the typical organization loses 5% of its revenues to occupational fraud every year. This is just one of many numbers that are alarming, as are some of the ACFE’s other findings — such as those related to fraud perpetrators. This article examines who commits fraud, what motivates them, and how to stop them. A sidebar lists several red flags to watch for.