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Fraud considerations for internal audits: The CFE perspective
In 2022, the Association of Certified Fraud Examiners (ACFE) and the Institute of Internal Auditors (IIA) announced a partnership that sought to collaborate on “education initiatives that will raise the competency of each organizations’ members with regard to fraud auditing and investigation.” As I reflected on this announcement, it struck me that both internal auditors and anti-fraud professionals strive to protect the organizations they serve, and though the primary focus may be different, the opportunities to collaborate are indeed vast.
Written By: Vincent M. Walden, CFE, CPA
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- Accounting and Auditing
Amanda Malusky Krauss, CFE, CPA/CFF
Amanda Malusky Krauss’s passion for fighting fraud began early in her career when an employee of a firm she was auditing slipped her a note detailing a fraud committed by executives. Today, the lead for Axium Consulting’s internal investigations and forensic accounting practices says she’s driven to fight injustice and strives to always respect the humanity of the people she interviews.
Written By: Anna Brahce
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- Accounting and Auditing
- Corporate Governance
- Fraud Prevention and Deterrence
Can generative AI give us prescriptive analytics?
One of four key types of analytics has long been considered a “pie-in-the-sky” concept for fraud investigators. Rather than describing or diagnosing something that’s happened or predicting what could happen, prescriptive analytics can tell us what we should do about it. With the growth of generative AI and large language models, it may just be in reach.
Written By: Vincent M. Walden, CFE, CPA
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- Accounting and Auditing
- Data Analytics
- Fraud Prevention and Deterrence
Ford on fraud
Joseph L. Ford, CFE, has spent a lifetime fighting fraud, working his way up from file clerk at the FBI to holding the bureau’s No. 3 spot. After leaving the FBI, he served as Bank of the West’s chief security officer and eventually founded his own consulting firm. Here Ford speaks of his experiences investigating both large and small frauds and what we can learn from them.
Written By: Paul Kilby, CFE
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- Accounting and Auditing
- Fraud Investigation and Examination
- Fraud Prevention and Deterrence
Internal audit gone wrong
In a world rife with scandals impacting all aspects of business and life, internal auditors aren’t immune to bad behavior. Here’s how to find their occasional crimes and misdemeanors, plus some practical measures to deter and detect their nefarious activities.
Written By: Farah George Araj
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- Accounting and Auditing
- Anti-Fraud Laws Regulations and Compliance
- Fraud Prevention and Deterrence
- Fraud Risk Management
Poorly governed financial systems and fraud: It all starts with access
Access/identity control is a fundamental component of data security that dictates who’s allowed to access and use company information and resources. But organizations still lack the necessary protections, opening the door for fraudsters to exploit their systems. Here the authors examine the latest IT resources to keep such criminals at bay.
Written By: Jeffrey Tilton, Garret Grajek
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- Accounting and Auditing
- Anti-Fraud Laws Regulations and Compliance
- Financial Institution Fraud
- Fraud Prevention and Deterrence
- Fraud Risk Management
ACFE Foundation awards Ritchie-Jennings Memorial Scholarship recipients $85,000 in funds for 2023–2024 term
The ACFE Foundation has awarded $85,000 in funds to the recipients of the 2023-2024 Ritchie-Jennings Memorial Scholarship. Twenty-three university students from across the U.S., Europe, Asia and Africa received scholarships ranging from $2,000 to $10,000 for demonstrating academic achievement in a fraud-related field of study and a desire to pursue a career in fraud examination or similar anti-fraud profession.
Written By: Anna Brahce
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- Accounting and Auditing
- Career and Professional Development
- Examination
Banks cratering because of poor risk management
Economic shifts, crypto deposits, weak controls and incompetent administration have led many tech-heavy banks to bite the dust this year. But none of the institutions’ C-suiters should’ve been caught flat-footed. Since the Great Depression, risk management has been the mantra of the money world. And we know that complacency and hubris can lead to fraud. Here’s how the bank collapsed and reminders for organizations to get it right.
Written By: Mary Breslin, CFE, CIA
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- Accounting and Auditing
- Corporate Governance
- Fraud Risk Management
Profile of an improper (corrupt) payment
What are the telltale signs of an improper payment? Here we explore the leading research into what can be measured and observed to find common patterns and profiles around improper, and sometimes corrupt, payments.
Written By: Vincent M. Walden, CFE, CPA
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- Accounting and Auditing
- Computers and Technology
- Fraud Schemes
ACFE Foundation’s Ritchie-Jennings Memorial Scholarship awards students $56,000 in funds for 2022-2023 term
2022-2023 Ritchie-Jennings Memorial Scholarship winners.
Written By: Jennifer Liebman, CFE
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- Accounting and Auditing
- Career and Professional Development
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