Forensic accounting and checkmating global fraud – Daily Trust

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Forensic accounting and checkmating global fraud

A study conducted by Crowe Clarke Whitehill and the University of Portsmouth’s Centre for Counter Fraud Studies in 2018 put global fraud and organised crime at a whopping $3.78 trillion! Indeed, average annual expenditure loss by companies to fraud is estimated to be 7%. Of these, the United Kingdom alone lost $141.75 billion.

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