Regardless of industry, profession, position, race and religion, amongst other variables, there are individuals that will be motivated to commit fraud across organisations and businesses – fraud is ‘an intentional act or omission that is designed to deceive another person, resulting in a gain for them and a loss for their victim’.
We’ve seen first hand, incidences of occupational fraud across numerous industries and it amazes us the reasons the perpetrator gives when caught, from ‘I didn’t realise I had crossed the line’ to ‘I thought that was a legitimate expense’ to ‘I had a lapse of judgement on this occasion’.
According to the ACFE (Association of Certified Fraud Examiners), more than half of all occupational fraud came from these four departments:
1. Operations (15%)
2. Accounting (14%)
3. Executive/Upper Management (12%)
4. Sales (11%)
And there are 7 key behavioural clues displayed by fraudsters to be aware of which we capture in this video …so please beware everyone!
Source: 2020 Report to the Nations. Copyright 2020 by the Association of Certified Fraud Examiners, Inc.