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Measuring the Cost of Fraud

In: Mandating the Measurement of Fraud: Legislating against Loss

Author

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  • Martin Tunley

Abstract

This is the first of three chapters presenting the research findings, and concentrates on the questions asked about measuring the cost of fraud. The chapter commences by profiling the survey respondents, offering a breakdown of representation by sector, individual position and organizational function. Verbatim responses from academics and fraud professionals to the question ‘What do you define as fraud?’ are then offered. The chapter then presents answers to the question on whether the respondent’s organization measures fraud, followed by explanations offered on why organizations fail to measure fraud. Fraud measurement methodology is then discussed, before offering opinions on the ideal measurement frequency. The chapter closes with respondent’s explanations about what fraud typologies are measured.

Suggested Citation

  • Martin Tunley, 2014. "Measuring the Cost of Fraud," Palgrave Macmillan Books, in: Mandating the Measurement of Fraud: Legislating against Loss, chapter 4, pages 63-80, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-40628-6_4
    DOI: 10.1057/9781137406286_4
    as

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