Visit the Association of Certified Fraud Examiners website and open the "2016 Report to the Nation" (s3-us-west-2.amazonaws.com/acfepublic/2016-report-to-the-nations.pdf). Read the two-page Executive Summary and fill in the following blanks.
1. The median loss for all cases in our study was ________, with ________of cases causing losses of $1 million or more.
2. The typical organization loses ________ of revenues in a given year as a result of fraud.
3. The median duration-the amount of time from when the fraud commenced until it was detected-for the fraud cases reported to us was ________.
4. Asset misappropriation was by far the most common form of occupational fraud, occurring in more than ________ of cases, but causing the smallest median loss of ________.
5. Financial statement fraud was on the other end of the spectrum, occurring in less than 10% of cases but causing a median loss of ________. Corruption cases fell in the middle, with ________ of cases and a median loss of ________.
6. The most common detection method in our study was ________ (39.1% of cases).
7. Approximately ________ of the cases reported to us targeted privately held or publicly owned companies. These for-profit organizations suffered the largest median losses among the types of organizations analyzed, at ________ and ________, respectively.