Thought of the Day - Up and Out


Up and out
Originally uploaded by kryn13
According to a recent report by the Association of Certified Fraud Examiners:

46% of fraud was detected by a tip, 20% by accident, and 9% by external auditors. I have a had a long standing lack of confidence in the wonders of the Sarbanes-Oxley act and that 9% just reinforces my feelings.

Also in that report, males steal more than twice as much as females, employees earning less than $50,000 account for 41% of all fraud, while those earning over $200,000 only 10%. And accounting staff members commit 29% of all fraud.