http://www.accountingweb.com/article/why-you-may-want-cfe-designation/223584
By Terry Sheridan
Accounting Web
July 8, 2014
The Madoff Ponzi scheme, financial crisis of 2007-2009, ongoing mortgage
fraud and other scandals, and laws like Sarbanes-Oxley and Dodd-Frank that
were passed to counter the fraudsters, send a clear message: fraud
investigation is a can't-miss career track and valuable expansion to an
accounting or law practice or to the C-suite's bean counters.
Here's a little extra persuasion: According to the 2014 global fraud study
by the Association of Certified Fraud Examiners (ACFE), the typical
organization loses 5 percent of annual revenues to fraud—a projected
global fraud loss of almost $3.7 trillion if the 2013 estimated Gross
World Product is applied.
The median loss caused by fraud in the study was $145,000. And another 22
percent of the cases involved losses of at least $1 million.
Most cases are reported in banking and financial services, government and
public administration, and manufacturing sectors. The largest reported
median losses, however, are in mining, real estate, and oil and gas
industries, according to the study. There are clearly opportunities in
many sectors.
[...]
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