Visit the Association of Certified Fraud Examiners Website at acfe.com. Find and open the file "2010 Report to the Nation." Read the two-page Executive Summary and fill in the following blanks. (The report is under its Fraud Resources tab or under its About the ACFE tab [under Press Room]; we can also use the Search tab.)
1. The median loss caused by occupational frauds was $________.
2. Nearly ___________ of fraud cases involved losses of at least $1 million in losses.
3. Companies lose ___% of their annual revenues to fraud; this figure translates to a potential total fraud loss of more than $______ trillion.
4. The typical length of fraud schemes was _____ months from the time the fraud began until it was detected.
5. Less than ___% of victim organizations conducted surprise audits, however these organizations have lower fraud losses and detect fraud more quickly than those without surprise audits.
6. Asset misappropriation schemes were most common at ___% of cases with a median loss of $______.
7. Financial statement fraud schemes made up less than ___% of cases with a median loss of more than $______ million.
8. Corruption schemes comprised ___% of cases with a median loss of $______.
9. Less than ___% of the perpetrators had convictions prior to committing their frauds.