What you don’t know can hurt you.
Did you know? The average organization loses five percent of its revenue annually to fraud—for a median loss of USD $130,000 per case*, according to the Association of Certified Fraud Examiners. Beyond taking a toll on your company’s bottom line, this can damage your culture, reputation and even your ability to keep operating.
At Grant Thornton LLP, we work alongside Canadian businesses of all sizes, and across all industries, to help them identify—and mitigate—the risk of fraud. In this article, we outline what you need to know about both external and internal fraud and offer practical takeaways to help protect your business. You can reach out to our advisors at Grant Thornton to help ensure you're on the right track as you implement these steps.
Learn how you can boost your organization’s level of fraud awareness.
* Association of Certified Fraud Examiners. 2018. “Report to the Nations: 2018 Global Study on Occupational Fraud and Abuse”.