X hits on this document

143 views

0 shares

0 downloads

0 comments

34 / 48

CORPORATE FRAUD HANDBOOK

the perpetrators in the 2006 survey had previously been charged but never convicted. These figures are consistent with other studies that have shown that most people who commit occupational fraud are first-time offenders. It is also consistent with Cressey’s model, in which occupational offenders do not perceive themselves as lawbreakers. (See Exhibit 1.18.)

The Victims

The victims of occupational fraud are organizations that are defrauded by those they em- ploy. Our 2006 survey asked respondents to provide information on, among other things, the size and type of organizations that were victimized, as well as the antifraud measures those organizations had in place at the time of the frauds.

Type of the ictim Organization

Most of the cases in the 2006 National Fraud Survey involved victims that were pri- vately held companies (36.8%), while not-for-profit organizations had the lowest repre- sentation (13.9%). It should be noted that we made no effort to obtain a random sample of business organizations; the Report was based on a survey of U.S. certified fraud ex- aminers and so the demographics of the organizations that were victimized depended in large measure on the organizations that retain CFEs. (See Exhibit 1.19.)

Our study revealed that privately held and publicly traded companies were not only the most heavily represented organization types; they also suffered the largest losses, at $210,000 and $200,000 respectively. Losses in government and not-for-profit organiza- tions were about half as much, at $100,000. (See Exhibit 1.20.)

Exhibit 1.18

2006 National Fraud Survey: Percent of Cases by Criminal History

Never charged or convicted

87.9%

Criminal History

Had prior convictions

7.7%

Charged but not convicted

4.4%

0.0%

20.0%

40.0% 60.0% Percent of Cases

80.0%

100.0%

34

Document info
Document views143
Page views143
Page last viewedThu Dec 08 16:42:20 UTC 2016
Pages48
Paragraphs1200
Words17476

Comments