is the Association of Certified Fraud Examiners.
Earlier, welcoming the participants at the conference, Davis Kallukaran, President of the Oman Chapter of ACFE
, said that a recent study carried out by the Association of Certified Fraud Examiners revealed that a typical organisation loses 5 per cent of revenues in a given year as a result of fraud.
The 2016 Report to the Nations is available for download online at the ACFE
's website: ACFE
The Cyprus chapter of the ACFE
is the driving force for meaningful change in the prevention of combating fraud and corruption in Cyprus," it said, pledging to promote training and spread knowledge and skills to its members.
In the ACFE
study, the most common frauds in nonprofits were:
recommended companies follow a fraud prevention checklist to limit potential losses.
The listing standards of neither the New York Stock Exchange (NYSE) nor Nasdaq require an ACFE
During the Fraud Week, the ACFE
Oman will engage in various activities, including hosting fraud awareness training for the community and teaming with local media to highlight the problem of fraud.
and other large retailers over the past two years, are likely to occur in 2015, according to ACFE
Vice President and Programme Director Bruce Dorris, J.
recently put together a checklist for preventing small business fraud.
is recognised as the world's largest Anti-Fraud organisation.
The data was compiled by the ACFE
for its 2014 "Report to the Nations on Occupational Fraud and Abuse.