Among other fi ndings, the various surveys highlight
that:
• organisations may be losing as much as 7% of their
annual turnover as a result of fraud
• corruption is estimated to cost the global economy
about $1.5 trillion each year
• only a small percentage of losses from fraud are
recovered by organisations
• a high percentage of frauds are committed by senior
management and executives
• greed is one of the main motivators for committing
fraud
• fraudsters often work in the finance function
• fraud losses are not restricted to a particular sector
or country
• the prevalence of fraud is increasing in emerging
markets.