Fraud Report to Be Released at Canada’s Largest Gathering of Anti-Fraud Professionals

According to the Association of Certified Fraud Examiner’s (ACFE) latest report, Canadian fraudsters were more likely to receive no punishment from their employers than being asked to resign.

According to the Association of Certified Fraud Examiner’s (ACFE) latest report, Canadian fraudsters were more likely to receive no punishment from their employers than being asked to resign. More than 200 anti-fraud professionals will receive an early-access, exclusive look at this report during the 2016 ACFE Fraud Conference Canada, taking place in Montreal, September 11-14. 

The report, which analyzes 86 cases of fraud investigated by CFEs in Canada between January 2014 and October 2015, explores multiple aspects of fraud cases, including median loss per scheme, type of scheme, controls in place and outcomes of each instance of fraud. In the ACFE Report to the Nations on Occupational Fraud and Abuse, the least likely outcome for actions taken against a perpetrator of fraud was for them to receive no punishment from an employer, amongst Canadian responses, however, a perpetrator receiving no punishment was the third most likely outcome; making it more likely for a fraudster in Canadian cases to receive no punishment than being asked or permitted to resign. 

The 2016 ACFE Fraud Conference Canada will feature keynote addresses from Alexandra Wrage, President of TRACE International, Inc. and former member of the FIFA Independent Governance Committee, Jean-Francois Fortin, Executive Director of Enforcement for Autorité des Marches Financiers and Daniel Tobok, Chief Executive Officer of Cytelligence Inc. 

Attendees at Canada’s largest anti-fraud conference will have access to a variety of breakout sessions that will cover topics including Canadian privacy laws, fraud schemes in construction and capital projects, cybercrime and more. The conference will provide an opportunity for anti-fraud professionals to come together to share best practices and network with their peers. 

Contact the ACFE 
For more information, email PR@ACFE.com.