The Financial Cost of Fraud 2015

Posted on Posted in ACFE Blog, The Financial Cost of Fraud 2015

 

The Financial Cost of Fraud 2015

British businesses suffer a loss in the region of £98.6 billion every year due to fraud and mistakes.

This eye-watering statistic is just one of many contained within the 2015 annual review of The Cost of Fraud published by accountancy firm PKF Littlejohn and the Centre for Counter Fraud Studies at the University of Portsmouth.

Globally, businesses are losing approximately £2.78 trillion each year. 

“Beating fraud is every company’s business,” reports Jim Gee, head of forensic and counter fraud services for PKF Littlejohn and one of the report’s authors, “Fraud is the last great unreduced business cost.” 

To read the full report, click here.