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Numbers | CFEs Rank Most Important Fraud-Prevention Controls

From the ACFE's 2008 Report to the Nation on Occupational Fraud and Abuse

By

July 30, 2008 —

How important are the following controls for preventing fraud?

Control Average Score
Internal Audit Department 3.81
Surprise Audits 3.51
Mgmt Review of Internal Controls 3.17
Fraud Hotline 3.03
Mandatory Job Rotation/Vacations 3.02
Rewards for Whistleblowers 2.86

(On a scale of 1-5 with 5 being very important. Based on a survey of 959 fraud cases reported by Certified Fraud Examiners.)

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