RECENT POSTS

• Internal Audit of Nebraska State HHS Program Uncovers up to $6.5 Million in Losses
• AICPA Launches New Financial Reporting Framework for Small to Medium Businesses
• NM Health Insurance Exchange Contractor Chosen
• Moody’s: Nonprofit Hospitals Attempt to Relieve Pension Burdens

---

ARCHIVES

• Current Blog
• 2013 May
• 2013 April
• 2013 March
• 2013 February
• 2013 January
• 2012 December
• 2012 November
• 2012 October
• 2012 September
• 2012 August
• 2012 July
• 2012 June
• 2012 May
• 2012 April
• 2012 March
• 2012 February
• 2012 January
• 2011 December
• 2011 November
• 2011 October
• 2011 September
• 2011 August
• 2011 July
• 2011 June
• 2011 May
• 2011 March
• 2011 February
• 2011 January

August 25, 2011 10:25:30 am

Study on Fraud Cases Reveals New Trends

KPMG announced a follow-up of their 2007 fraud case analysis to uncover new trends and behaviors of those who commit fraud.  Some of the trends the report reveals include:

• The senior finance executive is typically the person who will commit fraud in an organization
• CEOs are becoming more likely to commit fraud, as the fastest growing group in the study
• Fraud as the result of weak internal controls has risen over the last four years
• Fraud detection increased to 3.4 years from inception to detection, up from 2.9 years in 2007, and
• 96% of the people who commit fraud do so multiple times

For a more detailed analysis on the KPMG study, please see CFO.com. 

REDW’s Risk Assessment and Internal Auditing Services can help prepare your company’s fraud prevention procedures.  Contact Steve Cogan for more information. 
 

Tags: Risk Assessment, Internal Auditing

Comments:

No comments currently posted.

Leave a comment:

posted by:

validation code:

please enter validation code above: