Small business hardest hit by fraud.
The typical U.S. organization loses 5 percent of its annual revenue
to occupational abuse and fraud, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. the Association of
Certified See certification. Fraud Examiners' 2006 Report to the Nation,
http://www.acfe.com/about/press-release-06-20-2006.asp.
[ILLUSTRATION OMITTED]
Business Size Median Loss
<100 employees $190,000
100-999 $179,000
1,000-9,9999 $120,000
10,000+ $150,000
Source: Association of Certified Fraud Examiners
Note: Table made from bar graph.
COPYRIGHT 2006 California Society of Certified Public Accountants
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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