Fraud costs organizations worldwide an estimated 5 percent of their annual revenues. The seriousness of the global fraud problem is why CRI Group has announced that it will once again be participating in International Fraud Awareness Week, Nov. 13-19, 2016, as an official supporter to promote anti-fraud awareness and education.
The movement, coordinated by the Association of Certified Fraud Examiners (ACFE) and known commonly as Fraud Week, champions the need to proactively fight fraud and help safeguard business and investments from the growing fraud problem.
This will be the sixth year in a row that CRI Group has been at the front of the yearly campaign, joined by hundreds of organizations who have partnered with the ACFE for the Fraud Week movement.
During Fraud Week, official supporters will engage in various activities, including: hosting fraud awareness training for employees and/or the community, conducting employee surveys to assess levels of fraud awareness within their organization, posting articles on company websites and in newsletters, and teaming with local media to highlight the problem of fraud.
CRI Group CEO Zafar I. Anjum, CFE, said his organization is proud to be a supporter of such an important initiative, helping to spread awareness and education about fraud.
“Fraud is a serious issue for companies worldwide, and it is only getting worse,” Anjum said. "At CRI Group, we encourage organizations of all shapes and sizes to conduct proper due diligence and minimize risk. Only by addressing fraud and corruption proactively can we make progress in preventing and detecting it.”
It is important that business leaders understand how serious and pervasive fraud is, and how critical fraud prevention is to their overall business success. A helpful infographic illustrates the fraud problem and highlights important statistics that every business leader needs to know. Fraud and corruption are everyone's problem, and awareness is the first step in prevention and detection.
For more information about increasing awareness and reducing the risk of fraud during International Fraud Awareness Week, visit FraudWeek.com.