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The 2018 ACFE Report to the Nations, an annual survey of fraud examiners, shows the below image in their executive summary. What is the reason
The 2018 ACFE Report to the Nations, an annual survey of fraud examiners, shows the below image in their executive summary. What is the reason for owner/executives causing higher losses than perpetrators at lower levels? Owners/executives O accounted fors a small percentage a smoof casos ago al casa but caused a median loss of $850.000 3830000 a small purcentage of cases 19% but caused a median loss of $850,000 High level managers have more control and so have less pressure. Hiring for high level managers centers on talent not ethics. High level managers have incentives to commit higher dollar financial statement fraud. Managers compensation levels create pressure to meet basic needs of family life
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