In late 2006 and 2007, Protiviti commissioned a study to gauge the fraud risk management (FRM) capabilities of FORTUNE 1000 companies and large not-for-profit organisations. The study’s goal was to better understand how FRM is operationalised, given the heightened awareness of fraud in today’s corporate environment. This was accomplished by assessing how the nation’s largest public companies and nonprofits have addressed FRM and the maturity of related efforts to evaluate, mitigate and monitor fraud risk.

After analyzing the results, three key points became clear:

1. Organisations are at different maturity points in their capabilities to evaluate, mitigate and monitor fraud risk.
2. Organisations are struggling to understand what FRM means in the context of their daily operations.
3. Education and awareness are critical issues that need greater attention in order to successfully manage fraud risk.

The survey report discusses these three key findings at length, provides a snapshot of well-defined fraud risk management strategies and includes insights on how the findings apply to organisations, among other topics.

Download Preventing Fraud: Assessing the Fraud Risk Management Capabilities of Today's Largest Organizations (PDF)  (requires Acrobat Reader; please disable your pop up blocker)