Friday, April 24, 2009

Survey of Experts Finds Increase in Fraud During Economic Crisis

Intense financial pressure during the economic crisis has led to an increase of fraud, according to a survey of fraud experts conducted by the Association of Certified Fraud Examiners (ACFE). Results of the survey, published in the new ACFE report "Occupational Fraud: A Study of the Impact of an Economic Recession," also found that layoffs are pervasive and are leaving holes in organizations' internal control systems.

The survey responses of more than 500 randomly selected Certified Fraud Examiners (CFEs) were compiled by the Austin, Texas–based ACFE, the world’s largest anti-fraud organization and premier provider of anti-fraud training and education. CFEs are experts in fraud detection, prevention and deterrence, and must pass a rigorous exam as well as meet high professional, educational and ethical standards.

Read more at: http://www.earthtimes.org/articles/show/acfe-survey-of-experts-finds-increase-in-fraud-during-economic-crisis,788078.shtml

No comments: