Which of the following was not a finding of the ACFE Report to the Nation on Occupational Fraud?
A) Fraud is more likely to be detected by tips than any other way
B) Frauds lasted a medium of 16 months before detection
C) Asset misappropriation schemes was the most common type of occupational fraud
D) External auditors discover about 15 percent of the frauds

Question

Quizplus · Accepted Answer

The ACFE Report to the Nation on Occupational Fraud found that external auditors only discover about 3 percent of the frauds, not 15 percent.

Which of the Following Was Not a Finding of the ACFE