A recent survey of fraud by international accounting firm KPMG reported

financial reporting fraud $($the intentional misstatement of financial reports$)$ was the least costly to companies.

reported a $13\%$ decrease in instances of corporate fraud compared with five years earlier.

business scandals with large investment losses and few employee layoffs.

that employee fraud $($such things as expense account abuse, payroll fraud, and theft of assets$)$ represents $60\%$ of all

instances of fraud.