Interestingly, the size of a company also appears to have a bearing on the severity of the fraud, with businesses with turnovers of more than $15 billion (bn) most likely to say the impact had been “very significant” (57%) compared to less than half (48%) of firms with sales of between $10 bn to $15 bn, and roughly a third of firms with sales of $9.99 bn and below.
55%
47%
45%
Computer forensics/eDiscovery firm
Investigations firm
Accountancy firm
42%
Law firm
Figure 3: Types of external firms engaged to assist with investigations
Global respondents were most likely to have engaged a computer forensics/eDiscovery firm to assist with an investigation (55%), while only 42% had brought in a law firm. Investigations firms were the second most called-upon advisors at 47%.
Click to explore the countries/regions most likely to say the impact of fraud has been “very significant”
Highest
Lowest
Figure 2: Countries/regions most and least likely to have conducted an internal investigation in the past three years
Calling in the Cavalry
Switzerland
Sub-Saharan Africa
Australia
Middle East
Italy
Germany
Mexico
UK
Jan 1- June 30
94%
90%
90%
86%
53%
61%
63%
68%
Most likely
Least likely
Canada
Russia
Sub-Saharan Africa
Germany
Colombia
Singapore
Italy
Lowest
31%
32%
29%
27%
25%
25%
23%
China
India
Middle East
U.S.
Brazil
Australia
Highest
49%
71%
48%
37%
36%
36%
More than three-quarters (78%) of global respondents’ organizations had conducted investigations into fraud, corruption or related misconduct in the past three years.
Prevalence of Investigations
98%
Almost all (98%) respondents whose organizations had conducted an internal investigation said their organizations had brought in the expertise of an external firm to assist with the investigation.
78%
78%
Click to explore
Figure 1: Countries/regions most likely to say the impact of fraud has been “very significant”
Click to explore the countries/regions most likely to say the impact of fraud has been “very significant”
Figure 1: Countries/regions most likely to say the impact of fraud has been “very significant”
22%
UK
35%
33%
Switzerland
France
22%
UK
Switzerland
France
35%
33%
