Occupational fraud in 2022

The Association of Certified Fraud Examiners (ACFE)’s 2022 “Report to the Nations “ provides the following statistics on fraud trends.

A typical fraud case lasts 12 months before detection, and causes a median loss of $117,000.

The five highest median losses by industry are:
Real estate $435,000
Wholesale trade $400,000
Transportation and warehousing $250,000
Utilities $200,000

Nearly half of all reported frauds in the study occurred in these four departments:
Operations 15%
Accounting 12%
Executive / upper management 11%
Sales 11%