Answer:
According to the Association of Certified Fraud Examiners “Report to the Nations,” tips are the number one-way fraud is found by an organization. These tips can come from vendors, staff or anonymous sources. Many professionals believe that Internal Audit discovers the fraud yet in this study that happens only 14% of the time. It has been our experience the discovery comes more often from an accountholder asking questions.
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Learn more about Barry Thompson’s Internal Fraud: The Thieves from Within webinar.
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