2006 ACFE Report to the Nation on Occupational Fraud & Abuse

June 20, 2006 - Austin, TX - According to research conducted by the Association of Certified Fraud Examiners (ACFE), U.S. organizations lose an estimated 5 percent of annual revenues to fraud. Based on the U.S. Gross Domestic Product in 2006 – $13.037 trillion – this percentage indicates a staggering estimate of losses around $652 billion among organizations, despite an increased emphasis on anti-fraud controls and recent legislation to combat fraud.

The latest fraud statistics are detailed in the highly-anticipated 2006 ACFE Report to the Nation on Occupational Fraud & Abuse. The results are based on a survey of 1,134 Certified Fraud Examiners (CFEs) in the U.S.

Download a PDF copy of the 2006 ACFE Report to the Nation.