White Papers

The Association of Certified Fraud Examiners (ACFE) recently published Occupational Fraud 2024: A Report to the Nations (the “2024 Report to the Nations” or “2024 Report”), its thirteenth edition published since 1996.

For the past 28 years, the ACFE has reviewed thousands of cases of occupational fraud^* in which insiders stole billions of dollars from their employers. The organizations in these studies included private, public, government, and not-for-profit entities. The 2024 Report explores 1,921 real cases of occupational fraud from January 2022 to September 2023 that were investigated by Certified Fraud Examiners (CFEs) throughout 138 countries and territories. The goal of the report is to compile detailed information about occupational fraud in six critical areas:

• The methods by which occupational fraud is committed;
• The financial harm caused by occupational fraud;
• The means by which occupational frauds are detected;
• The characteristics of the organizations that are victimized by occupational fraud;
• The characteristics of the people who commit occupational fraud; and
• The results of the cases after the frauds have been detected and the perpetrators identified.

Anchin has summarized key findings of the 2024 Report and included data and information from previous reports where applicable for comparison.

For more information on how to improve your organization’s anti-fraud controls or for assistance in the investigation of known or suspected fraud, please contact a member of Anchin’s Litigation Support, Forensic & Valuation Services (LFVS) or Regulatory Compliance & Investigations (RCI) groups.

^*Occupational fraud is defined as “the use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization’s resources or assets.” (2024 Report)