Dubai, UAE – 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). Occupational Fraud 2022: A Report to the Nations analyzed 2,110 occupational fraud cases
that caused a total loss of more than $3.6 billion.
The seriousness of the global fraud
problem is why Crowe UAE announced that it will be participating in
International Fraud Awareness Week, Nov. 12-18, 2023, 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.
Crowe UAE 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
During Fraud Week, official supporters
will engage in various activities, including: hosting fraud awareness training
for employees and/or the community, conducting employee surveys to assess
levels of fraud awareness within their organization, posting articles on
company websites and in newsletters and teaming up with local media to
highlight the problem of fraud.