special report

Combatting business-to-business fraud: 2023 benchmarking report

To give organizations visibility of the risks of transacting with businesses or vendors and benchmark their processes for screening and onboarding them, the ACFE and Thomson Reuters partnered on a study to explore the risks and controls related to business-to-business transactions and relationships.

During February and March 2023, ACFE members in select roles and industries were surveyed to learn about their organizations’ know-your-vendor (KYV) and know-your-business (KYB) processes. The findings presented in this report are based on those responses.

This report covers the following:

  • Effectiveness of onboarding programs
  • Challenges and risks when onboarding or assessing new businesses customers and vendors
  • Time spent onboarding new businesses customers and vendors
  • KYB/KYV due diligence processes

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