Certified Fraud Examiner

Carlsborg Investigation Services has a certified fraud examiner who can help you.  According to research conducted by the Association of Certified Fraud Examiners (ACFE), U.S. organizations lose an estimated 5 percent of annual revenues to fraud.

 

Based on the estimated U.S. Gross Domestic Product for 2006 – $13,037 trillion – this percentage indicates a staggering estimate of losses around $638 billion among organizations and or individuals, despite increased emphasis on anti-fraud controls and recent legislation to combat fraud.  If the problems can be documented then our examiner can find it through a diligent search of records that you provide.

 

In its 2006 Report to The Nation on Occupational Fraud & Abuse, the ACFE defined Occupational Fraud as: The use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization’s resource or assets.

 

The following observations were made from the 1,134 cases that the ACFE studied from January 2004 and January 2006 and were reported from Certified Fraud Examiners.

 

¨ Occupational fraud and abuse imposes enormous costs on organizations.  The median loss caused by the occupational frauds in this study was $159,000.

¨ U. S organizations lose 5% of their annual revenues to fraud.

¨ Occupational fraud schemes can be very difficult to detect.  The median lengths of the schemes were 18 months from the beginning of the fraud to its detection.

¨ Small businesses suffered disproportionate fraud losses than large companies.  The median loss suffered by organizations with fewer than 100 employees was $190,000 per fraud scheme.

¨ One reason small business suffers such high fraud losses are that they generally do a poor job of proactively detecting fraud.

¨ Over 30% of the total occupational frauds were reported committed by employees working in the accounting department of businesses.

PI # 1610