The world’s peak fraud investigation body, the Association of Certified Fraud Examiners – or ACFE – has just released its latest study of fraud cases that have impacted organisations, from small business to large corporations, across 23 different industries.

There are some quite alarming findings, especially for privately-owned businesses, their owners and directors, as this segment of the business community lose twice as much to fraud than public companies.

Our update breaks down the key findings as to why fraud has not been prevented in organisations, who is perpetrating fraud and how fraud is most commonly identified. We also provide our own expert insights and practical steps that organisations can take to manage the risks of fraud and corruption. While the statistics are confronting, they also help shape some very practical strategies to tackle and reduce the occurrence of fraud in the workplace, especially in privately-owned businesses.