Key Findings from The Impact of Fraud at U.S. Public Companies Benchmarking Report

The Association of Certified Fraud Examiners (ACFE) and the Anti-Fraud Collaboration (AFC) partnered to explore and assess the impact of fraud in all forms on publicly traded companies in the U.S.  

The Impact of Fraud at U.S. Public Companies Benchmarking Report offers anti-fraud professionals, company management, financial reporting stakeholders and the public with valuable information to use in understanding the unique risks that fraud poses to U.S. public companies. 

Below are a few of the key findings that reveal the true cost of fraud and the opportunity to fight it more effectively at public companies. 

Key Insights from the Report  

Here are some highlights from the report:  

• Revenue Impact: Respondents with roles within or tied to U.S. public companies surveyed in this study reported that 1.06% of revenue was lost to known fraud in 2024. 
• Typical Losses: The typical U.S. public company loses an estimated 2.5% of revenues each year to fraud, whether detected or undetected.  
• Improved Monitoring: 56% of survey respondents believe more or improved proactive and continuous monitoring could deter and detect fraud sooner. 

Impact of This Report 

Understanding the scope of fraud is the first step to combatting it. This report offers you the data you need to properly assess your company’s fraud programs, enhance detection efforts and evaluate fraud risk. By using the findings of this report, you can: 

• Assess the likelihood and significance of various fraud risks for your company. 
• Explore the factors contributing to the current level of fraud at other U.S. public companies. 
• Benchmark your organization’s fraud losses and controls against industry peers to identify gaps and opportunities for improvement.