According to a recent ACFE Report to the Nations, fraud perpetrators tended to display behavioral warning signs when they were engaged in their crimes. The most common red flags were living beyond means, financial difficulties, unusually close association with a vendor or customer, excessive control issues, a general “wheeler-dealer” attitude involving unscrupulous behavior, and recent divorce or family problems. At least one of these red flags was exhibited during the fraud in 78.9% of cases.
The report goes on to say that is estimated that the typical organization loses 5% of revenues in a given year as a result of fraud. Join us for theISCPA & ACFE Boise Chapter Annual Fraud Conferenceand sharpen your skills to detect and prevent fraud in your organization.
