A global issue: The changing nature of expense fraud
It’s estimated that a typical company loses five percent of its annual revenue to fraud, amounting to global losses of $2.9 trillion each year. The Association of Certified Fraud Examiners identify payroll fraud, including employee expenses, as the number one cause.
While we know the scale of this problem, more detailed information on its nature has remained frustratingly elusive. For businesses throughout the world, expense fraud is a ghostlike presence – something we know is there but struggle to see.
Just like the hidden dangers posed by an iceberg, it’s this information deficit that has made any effective fight against fraud so problematic. You can’t tackle a problem until you can properly identify it.
This report is designed to give businesses the information required to start winning the fight against global expense fraud.
Download the report below.