ACFE Staff
CFEs elect Alexis C. Bell, CFE, PI, and Vidya Rajarao, CFE, CA, to the 2017-2018 ACFE Board of Regents
Certified Fraud Examiners elected Alexis C. Bell, CFE, PI, and Vidya Rajarao, CFE, CA, to the 2017-2018 ACFE Board of Regents from six candidates selected by the board’s nomination committee. Bell and Rajarao took office at the board’s meeting in February at ACFE headquarters in Austin, Texas.
Written By: ACFE Staff
Joining forces to manage fraud risk
The ACFE has collaborated with the Committee of Sponsoring Organizations of the Treadway Commission (COSO) to produce the Fraud Risk Management Guide (FRMG) to help organizations focus their anti-fraud efforts.
Written By: ACFE Staff
Board of Regents amends Disciplinary Procedures
Board of Regents amends Disciplinary Procedures
Written By: ACFE Staff
ACFE Board of Regents expels 3 CFEs
ACFE Board of Regents expels three Certified Fraud Examiners (CFE) and revokes their credentials for violating the ACFE's Code of Professional Ethics bylaws.
Written By: ACFE Staff
Back together again
Fraud examiners came together for the first time since the outbreak of the COVID-19 pandemic at the 33rd Annual ACFE Global Fraud Conference in June. The association’s first hybrid event for both in-person and virtual participants enjoyed record attendance and has proven to be a winning formula.
Written By: ACFE Staff
The Brain Drain: Theft of Intellectual Property
A substantial amount of information can be gathered about a company using entirely legal methods. Much more data can be gathered through illegal methods. This article explores the policies and procedures a company should have in place to protect against both legal and illegal intelligence gathering.
Written By: ACFE Staff
CFE Designation Now 'Enhancing Criteria' For FBI Applicants
Thanks to a recent policy change, the Federal Bureau of Investigation will now begin giving special consideration to Certified Fraud Examiners who apply for investigative and technical positions with the FBI.
Written By: ACFE Staff
12th Annual Fraud Conference & Trade Show Offers the Best in Fraud Examination Training
Preview of the 12th Annual Fraud Conference & Trade Show Offers the Best in Fraud Examination Training.
Written By: ACFE Staff
Interviewing the Big Dogs
In fraudulent financial statement cases, the fraud examiner must competently interview the Chief Executive Officer and Chief Financial Officer for one reason - they probably committed the crime. Financial statement fraud doesn't occur in an isolated environment. The competent and experienced fraud examiner must have the ability to solicit honest answers from the CEO and CFO to tough - but vital - questions about whether anyone has tampered with the books.
Written By: ACFE Staff
12th Annual Fraud Conference & Trade Show
Preview of the 12th Annual Fraud Conference & Trade Show, Aug. 5-10 at Walt Disney World Dolphin Hotel.
Written By: ACFE Staff
Fraud Examination Training in the Florida Sunshine
Preview of the 12th Annual Fraud Conference & Trade Show at the Walt Disney World Dolphin Hotel in Lake Buena Vista (Orlando), Fla.
Written By: ACFE Staff
Using Stress: Kinesic Interview Techniques Can Uncover the Truth
The kinesic interview or interrogation is a method that has become more popular among the law enforcement community in recent years. This type of interview is different than traditional methods because the interviewer isn't necessarily looking for information nor a confession from the interview subject; instead, the interviewer is attempting to assess whether the subject is telling the truth.
Written By: ACFE Staff
Charging of the Defendant in the Courtroom
Your investigative work had paid off: the suspect is now a defendant. Now what happens? Includes information on the Grand Jury, Immunity, Indictment and Information, Arraignment, Prosecutorial Discretion and Plea Bargains, The Burden of Proof in Criminal Trials, Pre-trial Motions in Criminal Court, Motion to Dismiss, Discovery, Rule 16, The Jencks Act, Exculpatory Information (Brady Material) and Disclosures.
Written By: ACFE Staff
Ghost Employees
A ghost employee is someone on the payroll who doesn't actually work for a victim company. Through the falsification of personnel or payroll records a fraudster causes paychecks to be generated to a ghost. The fraudster or an accomplice then converts these paychecks. The ghost employee may be a fictitious person or a real individual who simply doesn't work for the victim employer. When the ghost is a real person, it's often a friend or relative of the perpetrator.
Written By: ACFE Staff
Reserving the Right to Audit the Suspicious Vendor
Right-to-audit clauses in vendor contracts help control fraud and abuse by affording discovery devices in examinations. Management was finally getting worried. On six different occasions, employees in the purchasing department and other vendors of the ABC Company had alerted executives of a cozy relationship between a department purchasing manager and an outside vendor. The company called our firm, we conducted a fraud examination, and their worst nightmares were confirmed: a $6 million kickback scheme. And it could have been prevented with a simple vendor audit clause in the contract or purchase order.
Written By: ACFE Staff
Swindling the Investor: A Look into Securities Fraud
Securities fraud includes Pyramid schemes, Ponzi schemes, advance fee loan schemes, and many others.
Written By: ACFE Staff
The Big Apple Delivers
Fraud examiners from around the globe converged on the Big Apple for the Eleventh Annual Fraud Conference and Trade Show and got practical instruction and invaluable networking.
Written By: ACFE Staff
Hollywood Sparkles with 13th Annual Fraud Conference & Trade Show
Preview of 13th Annual Fraud Conference & Trade Show.
Written By: ACFE Staff
Winning the Case with a Strong Written Report, Part Two
The savvy fraud examiner includes signed statements, visual aids, summaries of witnesses' statements, and the engagement contract in the written case report.
Written By: ACFE Staff
13th Annual Fraud Conference Trade Show Packed with Applicable Information
Preview of the 13th Annual Fraud Conference
Written By: ACFE Staff
Enron's Sherron Watkins to Speak at 13th Annual Fraud Conference & Trade Show
Preview of the 13th Annual Fraud Conference & Trade Show Aug. 4-9 at the Renaissance Hollywood Hotel.
Written By: ACFE Staff
The Many Faces of Fraud, Part Two
We continue to sharpen our focus on our search for white-collar criminals as we review the legal definitions of the principal types of fraud. In this issue we conclude with conflicts of interest, theft of money or property, theft of trade secrets or intellectual property, and breach of fiduciary duty.
Written By: ACFE Staff
Winning the Case with a Strong Written Report
The written case report, often the only evidence of investigative work, forces the fraud examiner to consider his or her actions. Cases can be won or lost on the strength of the written report. It conveys to the litigator all the evidence and provides credence to the fraud examination and to the examiner's work. This articles outlines how to write a good report.
Written By: ACFE Staff
The Many Faces of Fraud
A review of the legal definitions of the principal types of fraud will help sharpen our focus in searching for white-collar criminals. This article reviews the main fraud categories of misrepresentation of material facts, concealment of material facts, and bribery.
Written By: ACFE Staff
Lights! Camera! Action!
Preview of 13th Annual Fraud Conference & Trade Show in Hollywood, California, Aug. 4-9
Written By: ACFE Staff
How to Properly Seek an Admission of Guilt
This is an excerpt from the Association’s Fraud Examiners Manual, Third Edition. This article covers the discussion on Interview Theory and Application, pages 3.201 to 3.273
Written By: ACFE Staff
Qui Tam Suits and The False Claims Act
This article is an excerpt from the ACFE's Fraud Examiners Manual, Third Edition. In this issue, the article covers the discussion on "Qui tam Suits and the False Claims Act," pages 2.273 to 2.277.
Written By: ACFE Staff
Fraud in Europe: Survey Offers Insight to Crime Trends
Results from the 1998 European Fraud Survey
Written By: ACFE Staff
Nine candidates selected for ACFE Board of Regents’ ballot
Nine candidates have been selected to compete for three positions on the 2024-2025 Board of Regents. Beginning Nov. 1 and ending Nov. 30, CFEs may vote online at ACFE.com/BORvoting for their selections to replace retiring Board of Regents members, Wendy Evans, CFE; Collins Wanderi, CFE; and Chrysti Ziegler, CFE. The newly elected Regents take office in February 2024 and will each serve two-year terms.
Written By: ACFE Staff
Ready for the future
Members of the ACFE’s Board of Regents sat down with Fraud Magazine at the 35th Annual ACFE Global Fraud Conference in Las Vegas for a wide-ranging discussion about pandemic risk management, how AI is no substitute for human expertise and how important it is to attract new people to the anti-fraud profession.
Written By: ACFE Staff
In Memoriam: Joseph W. Koletar, DPA, CFE, and three members join ACFE Board of Regents for 2024-2025
The ACFE remembers Joseph W. Koletar, DPA, CFE; Kimberly A. Howell, CFE, Maheswari G. Kanniah, CFE, and Robert J. Smolich, CFE, join the ACFE Board of Regents for 2024-2025; and the ACFE Board of Regents disciplines two members.
Written By: ACFE Staff
First look at Occupational Fraud 2024: A Report to the Nations
Since the first Report to the Nation was published in 1996, the Association of Certified Fraud Examiners (ACFE) has surveyed thousands of Certified Fraud Examiners (CFEs) about the methods, costs and effects of occupational fraud. Now in its 13th edition, the Occupational Fraud 2024: A Report to the Nations provides an inside look at how fraud is committed, detected and prevented in organizations around the world.
Written By: ACFE Staff
Voting for new Board of Regents begins November, Ritchie-Jennings Memorial Scholarship Program accepting applications, In Memoriam and Board of Regents expels two members
In this ACFE News article, Fraud Magazine discusses how voting for the new Board of Regents begins in November, the Ritchie-Jennings Memorial Scholarship Program is accepting applications, Mary Sue Smith, a member of the ACFE since 2004, died June 13, and the Board of Regents expelled two members.
Written By: ACFE Staff
Fraud fighters power up at the 29th Annual ACFE Global Fraud Conference
More than 3,000 anti-fraud professionals gather at the largest anti-fraud conference in the world to power up their knowledge, networks and careers.
Written By: ACFE Staff, Emily Primeaux, CFE
Furthering the Mission: 18th Annual ACFE Fraud Conference & Exhibition
This article features some of the highlights, guest speakers and exhibitors at the 18th Annual ACFE Fraud Conference & Exhibition in Orlando, Fla., the perfect place to learn the latest in cutting-edge, anti-fraud information from some of the best practitioners in the business.
Written By: ACFE Staff
ACFE Foundation awards scholarships in 21st year of Ritchie-Jennings Memorial Scholarship Program
The ACFE Foundation has awarded $58,000 to college and university students through the Ritchie-Jennings Memorial Scholarship Program for the 2015-2016 school year. Each recipient also will receive a one-year ACFE student membership.
Written By: ACFE Staff
USA PATRIOT Act and Money Laundering, Part One
The USA PATRIOT Act, signed into law after 9/11, strongly targets suspected money laundering activities and creates new requirements for financial institutions.
Written By: ACFE Staff
Fraud Fighters Learn Latest Techniques at 7th Annual European Fraud Conference
Summary of the 7th Annual European Fraud Conference Oct. 28-29, 2003 in London. Attendees at the 7th Annual European Fraud Conference not only had many opportunities to network but they had a choice of 12 breakout sessions within three tracks - Current Issues, High Tech, and Practical Fraud Techniques.
Written By: ACFE Staff
The Windy City Beckons: Chicago Hosts 14th Annual Fraud Conference & Exhibition
Preview of hte 14th Annual Fraud Conference & Exhibition, Aug. 3-8 2003 in Chicago.
Written By: ACFE Staff
ACFE Awards First Cliff Robertson Sentinel Award to Namesake
The respected actor is honored for standing up to the duplicitous Hollywood establishment and lends his name to an award that will honor other whistle-blowers "For Choosing Truth Over Self."
Written By: ACFE Staff
Financial Statement Fraud (Part One)
Financial statement fraud usually involves overstating assets, revenues and profits and understating liabilities, expenses and losses. However, the overall objective of the manipulation may sometimes require the opposite action.
Written By: ACFE Staff
The Bank Secrecy Act Fighting Money Laundering Globally, Part Two
Excerpted from the NEW Fraud Examiners Manual, 2003 U.S. Edition ©2003 Association of Certified Fraud Examiners, Austin, Texas
Written By: ACFE Staff
ACFE News
New Board of Regents members, editor-in-chief, Paul Kilby and In Memoriam
Written By: ACFE Staff
9 candidates for ACFE Board of Regents and 2021 International Fraud Awareness Week
9 candidates for ACFE Board of Regents and 2021 International Fraud Awareness Week
Written By: ACFE Staff
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