[St. Louis, MO]– Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). If applied to the 2013 estimated Gross World Product, this translates to a potential projected global fraud loss of nearly $3.7 trillion.
The seriousness of the global fraud problem is why ARA Fraud & Forensic Services announced that it will be participating in International Fraud Awareness Week, Nov. 16-22, 2014, as an official supporter to promote anti-fraud awareness and education. The movement, known commonly as Fraud Week, champions the need to proactively fight fraud and help safeguard business and investments from the growing fraud problem.
ARA Fraud & Forensic Services joins hundreds of organizations who have partnered with the ACFE, the world's largest anti-fraud organization and premier provider of anti-fraud training and education, for the yearly Fraud Week campaign.
During Fraud Week, ARA Fraud & Forensic Services will engage in various activities, including: conducting employee surveys to assess levels of fraud awareness within our clients organization, posting articles on company websites and in newsletters, sending out a daily “fraud tip” during the week and teaming with local media to highlight the problem of fraud.
Supporting Your Culture of Honesty and Integrity
For more information about increasing awareness and reducing the risk of fraud during International Fraud Awareness Week, visit us at www.arastl.com.
Founded in 2009 by Jacque James, ARA Fraud & Forensic Services, a leading business fraud prevention and detection firm based in St. Louis, provides comprehensive services ranging from fraud / HR investigations, forensic examinations and loss prevention training to risk assessments and asset protection consulting for privately held companies, nonprofit and healthcare organizations.