{"id":73556,"date":"2020-04-28t01:00:36","date_gmt":"2020-04-28t05:00:36","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=73556"},"modified":"2020-04-28t17:13:43","modified_gmt":"2020-04-28t21:13:43","slug":"fraud-its-where-the-money-is","status":"publish","type":"post","link":"\/\/www.g005e.com\/2020\/04\/28\/fraud-its-where-the-money-is\/","title":{"rendered":"fraud: it\u2019s where the money is"},"content":{"rendered":"
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click to enlarge<\/figcaption><\/figure>\n

cpa firms have opportunities here. bonus: infographics.
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by 卡塔尔世界杯常规比赛时间<\/em><\/p>\n

covid-19 isn\u2019t the only pandemic ravaging the world. there\u2019s a financial virus going around, too.<\/p>\n

more in risk management:<\/a>\u00a0in these turbulent times, leaders must lead!<\/a>\u00a0 |\u00a0\u00a0indemnification helps partners sleep well<\/a>\u00a0 |\u00a0\u00a0tax season is hacker season<\/a>\u00a0 |\u00a0\u00a02020 outlook: top 5 emerging risks for cpas<\/a>\u00a0 |<\/p>\n

\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

it\u2019s called fraud \u2013 maybe not contagious, but it pops up everywhere. on average, an estimated 5 percent of the world\u2019s revenue is lost to fraud each year, a median loss of $125,000, an average loss of $1,509,000.<\/p>\n

the prevalence and seriousness of fraud is both opportunity and obligation for cpa practices, not to mention internal audit departments.<\/p>\n

according to the 2020 global study on occupational fraud and abuse, just issued by the association of certified fraud examiners, external audits were the source of detection in only 4 percent of 2,504 organizations analyzed in 125 countries. internal audits accounted for 15 percent of detection, and internal controls seem almost not worthwhile, finding only 2 percent of cases of known fraud.<\/p>\n

despite increasingly sophisticated fraud detection techniques, tips are still by far the most common way fraud is discovered, responsible for 43 percent of detected cases. read more →<\/a><\/p>\n