It is estimated that there are between 2.9 – 3.7 trillion dollars in fraud losses annually in procurement operations. The average fraud scheme has a lifespan of 18 months before it is detected. Twenty-four percent of the reported fraud that takes place materializes in billing schemes of various types. Studies have shown that anti-fraud controls have the ability to reduce occurrences & losses from fraud. These publications will walk the reader or listener through proven methods for establishing anti-fraud steps to reduce, if not eliminate, fraud.
