Fighting Internal Fraud

• Posted by Geoffrey G. Gussis on March 8th, 2005


• Filed in Risk Management & Compliance

Financial statement fraud grabs headlines and trounces stock prices - but it’s not the only kind of fraud on the block.  Indeed, as a recent DMNews article points out, financial statement fraud accounts for only 8% of all fraud.  The Association of Certified Fraud Examiners estimates that a typical U.S. organization loses 6% of annual revenue to fraud.  Fortunately, the proper tools and procedures can help your organization minimize its impact.  Read more at DMNews.