Employee Fraud: Perpetrators and Their Motivations

Thomas Buckhoff

Employee Fraud: Perpetrators and Their Motivations

Thomas Buckhoff

Accountancy

Research output: Contribution to journal › Article › peer-review

Abstract

The Association of Certified Fraud Examiners (ACFE) estimates that employee fraud costs $400 billion annually—or about 6% of an organization’s total revenues. A 1998 KPMG LLP survey of 5,000 leading U.S. publicly held companies, not-for-profit organizations, and governments indicated that the average fraud loss per incident was $116,000. Furthermore, 62% of respondents reported losses due to employee fraud in the past year.

Original language	American English
Journal	The CPA Journal
Volume	71
State	Published - Nov 2001

Disciplines

Accounting

Keywords

Employee Fraud
Forensic accounting

Cite this

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title = "Employee Fraud: Perpetrators and Their Motivations",

abstract = " The Association of Certified Fraud Examiners (ACFE) estimates that employee fraud costs \$400 billion annually—or about 6\% of an organization{\textquoteright}s total revenues. A 1998 KPMG LLP survey of 5,000 leading U.S. publicly held companies, not-for-profit organizations, and governments indicated that the average fraud loss per incident was \$116,000. Furthermore, 62\% of respondents reported losses due to employee fraud in the past year.",

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AB - The Association of Certified Fraud Examiners (ACFE) estimates that employee fraud costs $400 billion annually—or about 6% of an organization’s total revenues. A 1998 KPMG LLP survey of 5,000 leading U.S. publicly held companies, not-for-profit organizations, and governments indicated that the average fraud loss per incident was $116,000. Furthermore, 62% of respondents reported losses due to employee fraud in the past year.

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VL - 71

JO - The CPA Journal

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ER -

Employee Fraud: Perpetrators and Their Motivations

Abstract

Disciplines

Keywords

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Cite this