Despite increasingly stringent legislation aimed at combating fraud, and despite increased enforcement efforts by the U.S. Securities and Exchange Commission (SEC), financial statement fraud remains a public concern. To learn how fraud schemes have evolved since the Committee of Sponsoring Organizations of the Treadway Commission (COSO) produced its last comprehensive report on fraud in 1999, the Deloitte Forensic Center completed an analysis of hundreds of SEC enforcement releases issued from 2000 through 2006. The findings may have significance for the global effort to develop more robust business processes for managing the risk of fraud. The efficacy of such processes will depend on knowing the fraud schemes typically committed and industry-by-industry differences in those schemes.