Fraud in Professional Services
Understanding the risk of workplace fraud is critical for the professional services sector. This guide summarises the data contained in the latest Association of Certified Fraud Examiners report.
What is included?
The annual report looks at all aspects of workplace fraud and is of huge interest to the professional services sector. One key factor that emphasises this is the median losses that fraud costs the industry – Losses to the professional sector is 20% higher than the median loss across all sectors.
The report looks at many of the crucial metrics of occupational fraud including:
- Most common detection methods
- Common demographics of fraud perpetrators
- The success of fraud prevention measures
- Affected Departments
By summarising the relevant findings and the lessons that the professional services sector can draw from them, it is possible to minimise the risk of fraud and even identify ongoing workplace fraud.
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