by Anna Kozyrenko, CPA, CFE | Forensic Accounting
Fraud is a business risk for organizations of every size. The Association of Certified Fraud Examiners (ACFE) estimates organizations lose approximately 5% of annual revenue to occupational fraud each year. While fraud can take on different forms, there are often... by Anna Kozyrenko, CPA, CFE | Forensic Accounting
In Summary Financial misconduct is primarily detected through behavioral red flags, not audits or background checks, as 84% of occupational fraud cases involve at least one warning sign in an employee’s behavior. The greatest risk comes from insider employees,...