Occupational Fraud – How Big Is the Problem?

A quick overview of occupational fraud statistics based on interviews with 2,600 organisations that had fraud happen internally. The main points: fraud is impacting everyone, organisations lose 5% of their revenue to fraud, and fraud is not an event, but a process. Intended Audience: Chief Financial Officers Chief Audit Executives Board Directors Chief Risk Officers […]

The “Fraud Triangle” Explained Simply™

The fraud triangle is a concept explaining the drivers behind fraud. It consists of the following elements: opportunity, motivation, and rationalisation. Let’s use a simple example to put these into context. Imagine that you own a very successful coffee shop located on a University campus. However, since the business has grown dramatically in the last year, […]