There have been many attempts to measure the
true extent of fraud, but compiling reliable statistics
around fraud is not easy. As one of the key aspects of
fraud is deception, it can be diffi cult to identify and
survey results often only refl ect the instances of fraud
that have actually been discovered. It is estimated
that the majority of frauds go undetected and, even
when a fraud has been found, it may not be reported.
One reason for this may be that a company that has
been a victim of fraud does not want to risk negative
publicity. Also, it is often hard to distinguish fraud from
carelessness and poor record keeping