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"
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Exclusive Premium Statistic
To access all Premium Statistics, you need a paid Statista Account
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Federal Reserve. (February 8, 2018). Internal controls used to mitigate fraud risk in the United States in 2016 [Graph]. In Statista. Retrieved September 01, 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 September 01, 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: September 01, 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 September 01, 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/