An Analysis of Recent Published Fraud Surveys

• In Event: Money Laundering, FCPA and Fraud Surveys

Abstract

Corporate scandals and the passage of the Sarbanes-Oxley Act have led to a proliferation of surveys which provide a wealth of information on fraud. This paper will present the results of a literature review of eleven published fraud surveys as well as longitudinal comparisons where available. Beginning with a comparison of the surveys in terms of methodologies and respondents, an analysis of the trends, cost and prevalence of fraud is provided. This is followed by a summary of the emerging profile of a fraudster and a discussion of the role of anti-fraud measures in the prevention and detection of fraud. Concluding remarks offer implications for academics and practitioners.

Authors

• Ellen L Landgraf, Loyola University - Chicago

• Tanner Nebbia, Loyola University Chicago