according to the association of certified fraud examiners (ACFE), based in the USA but with worldwide affiliations and membership, a typical organization loses 5% of revenue in a given year as a result of fraud, with an average loss per case of US$2.7 million. However much of the losses arising from internal fraud never gets detected or reported. it just goes on, building up year by year, eating away profitability, even driving companies into losses, unidentified by internal and external auditors