This statistic presents the internal controls and procedures for fraud risk mitigation and their effectiveness, as assessed by U.S. financial institutions in 2016. At that time, 70 percent of institutions indicated that using dual controls and segregating duties was very effective.
Internal controls used to mitigate fraud risk in the United States in 2016
Characteristic
Share of respondents who answered "use and are very effective"
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Federal Reserve. (February 8, 2018). Internal controls used to mitigate fraud risk in the United States in 2016 [Graph]. In Statista. Retrieved December 20, 2024, from https://www.statista.com/statistics/942549/internal-controls-to-mitigate-fraud-risk-usa/
Federal Reserve. "Internal controls used to mitigate fraud risk in the United States in 2016." Chart. February 8, 2018. Statista. Accessed December 20, 2024. https://www.statista.com/statistics/942549/internal-controls-to-mitigate-fraud-risk-usa/
Federal Reserve. (2018). Internal controls used to mitigate fraud risk in the United States in 2016. Statista. Statista Inc.. Accessed: December 20, 2024. https://www.statista.com/statistics/942549/internal-controls-to-mitigate-fraud-risk-usa/
Federal Reserve. "Internal Controls Used to Mitigate Fraud Risk in The United States in 2016." Statista, Statista Inc., 8 Feb 2018, https://www.statista.com/statistics/942549/internal-controls-to-mitigate-fraud-risk-usa/
Federal Reserve, Internal controls used to mitigate fraud risk in the United States in 2016 Statista, https://www.statista.com/statistics/942549/internal-controls-to-mitigate-fraud-risk-usa/ (last visited December 20, 2024)
Internal controls used to mitigate fraud risk in the United States in 2016 [Graph], Federal Reserve, February 8, 2018. [Online]. Available: https://www.statista.com/statistics/942549/internal-controls-to-mitigate-fraud-risk-usa/
