Many companies have become more focused on preventing and detecting fraud over the last several years due to new regulatory requirements, board pressure and increased media coverage. But in the absence of detailed standards for fraud controls, diversity of practices has increased. This has left some companies uncertain if their practices are comparable with those of their peers or if they are missing out on some successes achieved by leading organizations.

To address these questions, the Deloitte Forensic Center, in the summer of 2007, formulated a survey and engaged a professional survey firm to conduct it, receiving responses from 277 senior executives involved in fraud control. We asked these executives to rate their company’s effectiveness in key areas of fraud control. The questions were designed to identify the practices of leading organizations in a variety of aspects of fraud control.

This booklet provides an executive summary of our analysis of the survey results, highlighting the key ways in which companies differentiate themselves in their approach to fraud control.

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