Manufacturing Sector Fraud

Ten percent of fraud cases were reported by businesses in the manufacturing sector.  That puts it third behind only banking and financial services (16.7%) and government and public administration (10.3%), according to data reported in the Association of Certified Fraud Examiners’ 2012 Report to the Nations. The median loss for manufacturing companies was $200,000. The most common types of fraud in the sector were:

  • Corruption  33.8%
  • Billing  31.7%
  • Non-Cash  28.1%
  • Expense Reimbursements  18.0%
  • Check Tampering 11.5%
  • Payroll  11.5%
  • Financial Statement Fraud  11.5%

We work with manufacturers to reduce the likelihood of being victimized by fraud and to avoid whistleblower cases by encouraging a culture of integrity and establishing anti-fraud hotlines, among other solutions.

Contact us to request more information or a quote.