(Tips 40%, Internal Audit 15%, Management Review 13%, By Accident 7%, Other 6%)
85% of all cases reviewed indicated the fraudster displayed at least one behavioral red flag and 50% exhibited multiple red flags
Financial statement fraud schemes are the least common but most costly with a median loss of $800,000. They made up 10% of the cases reviewed by ACFE.
MCIS is a Private Investigative firm specializing in Fraud and Forensic Investigative Services
As having been a resource for attorneys and an advocate for the business community; our firm will continue to address complex problems to apply practical and straight forward solutions. Through tested investigative techniques, fraud can be identified, prevented, and resolved. Menge Consulting and Investigative Services offers the most cost-effective solutions to help mitigate your fraud dilemma.