Global economic crime survey - Country supplements: Bulgaria

• 25% of companies surveyed in Bulgaria reported fraud in last 12 months
• One third of reported cases of fraud – detected by chance
• Difficulty in achieving business targets and fear of losing jobs identified as major reasons for committing fraud
• The face of economic crime has been changing – reported financial statement frauds have doubled compared to 2007 results
• More than one third of the most serious offences in Bulgaria committed by senior managerial staff
• In addition to the direct losses suffered as a result of reported economic crime, our Bulgarian respondents also reported significant "collateral damage" due to fraud
• There is still a gap between the perception of the likelihood of future occurrence and historically reported fraud