Fraud is not accidental or inadvertent, but rather a deliberate act committed for personal gain. In the work place, it is usually planned and executed from current circumstances. According to the Association of Fraud Examiners (ACFE) 2008 annual report, 7% of an organization's annual revenue is lost to fraudsters. The ACFE has been studying fraud since 1996 and has found that business organizations that have the preventative measures in place have reduced their fraud losses significantly. This presentation will examine industry trends, benchmarking data, fraud prevention, organizational impact, and fraud indicators.
After completing this seminar, you will be able to:
- Identify the signs of fraud
- Report suspected fraud in the proper manner at UK
- Understand your responsibilities