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Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 43 / 352

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© D.L. Crumbley

The Cost of Fraud

Organizations lose 6 percent of annual revenue to fraud and abuse.

Fraud and abuse costs U.S. organizations more than $600 billion annually ($4,500 per employee).

The average organization loses more than $12 a day per employee due to fraud and abuse.

Source: 2002 Wells Report

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