Fraud Report: ACFE 2018 RTTN – Asia-Pacific
Fraud, is it happening in your backyard?
With Christmas just around the corner, do you suspect that someone is getting an unwarranted bonus?
Are you a business owner or an employee of an establishment where you have a niggling gut feeling that there is something not quite right about someone or something in that business ?
Read the latest ACFE Release 2018 Report to the Nations Asia-Pacific Edition it can offer you some insight into the world of fraud and the common processes of fraudulent transactions.
Don’t have time to read the full report right now, here are a few snippets from the report for you to consider;
THE RED FLAGS OF FRAUD
Understanding and recognising the behavioural red flags displayed by fraud perpetrators can help organisations detect fraud and mitigate losses.
Question; What are the 6 behavioural red flags most common in studies dating back to 2008?
FRAUD IN SMALL BUSINESSES
Fraud can be especially devastating to small businesses. These organisations typically have fewer resources to both prevent and recover from a fraud, and they often require an increased level of trust in employees due to a lower ability to implement robust anti-fraud controls.
Question; How are most frauds detected?
Answer; All three are correct with the percentage changing according to the number of employees.
The ACFE is excited to share the newly published 2018 Report to the Nations: Asia-Pacific Edition.
In the report, you will find highlights like:
Steven Ponsonby the Director of Forensic Accounting Qld is a Certified Fraud Examiner. He witnesses first hand the domino effect fraud has on businesses, their family members and the communities. He is a strong advocate in the fight to stop fraud, his investigative skills and demonstrative evidence provide compelling reports to assist the Courts in seeking restitution of monies and/or sentencing of criminals for his clients.
Help stop fraud in your community now? IF YOU SEE SOMETHING, SAY SOMETHING!