EFFECTIVE ACCOUNTING IS ESSENTIAL TO FIGHT FRAUD, SAYS ACFE
April 1st, 2016
Fraud is a fact of today’s ever more complex and increasingly online life – with financial fraud especially on the increase, the Association of Certified Fraud Examiners (ACFE) has made clear at its March 21-22 European Fraud Conference, in Brussels. Speakers highlighted that a typical organisation loses 5% of its annual revenues to fraud – a global loss of nearly USD3.7 trillion.
However, ACFE experts also emphasised that comprehensive financial reporting can go far in fraud detection, particularly with the right training. The meeting was held shortly ...
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