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March 2015 » How to Avoid or Minimize Fraud...
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Ron Klein, JD, CFE
Fraud cuts a wide swath across businesses and other organizations. The typical organization loses 5% of revenue each year to fraud, according estimates from the most recent Report to the Nations, a survey produced by the Association of Certified Fraud Examiners (ACFE 2014). When applied to the 2013 estimated gross world product, this revenue loss translates to a global figure of nearly $3.7 trillion.
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