Anti-fraud professionals know that while it’s best to catch fraud as soon as possible, it’s even better to stop fraud before it happens — which is why active fraud prevention is a critical part of anti-fraud strategies for organizations of any size. Some people may still be afraid to talk about fraud, believing that if they raise the topic, employees will suddenly become inspired to attempt to commit fraud, or that employees will think the reason it has been brought up is because a large fraud has just taken place. However, discussing fraud openly with employees is a great way to help prevent it.Read More
James D. Ratley, CFE
ACFE President and CEO
While sliding down the Great Wall of China (yes, I actually did that), visiting Tiananmen Square and seeing the tallest TV tower in the world are definite bucket list contenders, nothing on my recent trip to Asia compares to unforgettable memories I shared with ACFE chapter members in Singapore, Indonesia, Japan and China.
At each stop along my two-week journey, I was met with a warm reception and a welcoming spirit that puts the U.S.’s Southern hospitality to shame. It is this example of generosity and a true intent to share not just a culture, but provoking ideas and thoughts, that reminds me why we started International Fraud Awareness Week so many years ago.
Today, we kick off a weeklong campaign to promote fraud awareness by not just sharing tools and resources with those we know, but sharing and engaging with those we don’t. I can’t tell you how many times I have heard our members speak of the value of networking to not only meet other anti-fraud professionals, but to gain knowledge and tips from those fighting the same daily fight. As one of our members, Grace Corbett, CFE, BSA, so nicely summed up in a recent profile, “Without networking, you can add many hours to your investigation.”
This week, I encourage you to take advantage of and share the resources, tools and information vital to fraud-fighters by participating in International Fraud Awareness Week via our website, social media, traditional media, white papers, events and seminars. I hope you enjoy the resources we plan to make available and, as always, we are here to answer any questions.
Get a sneak peek at some great resources here.
ACFE Media Relations Specialist
This year, International Fraud Awareness Week, Nov. 6-12, couldn’t come at a better time. With the largest identity fraud case in U.S. history busted last week and companies like Solyndra committing alleged financial statement fraud, the need for fraud awareness is stronger than ever. I encourage you to take the initiative to make an impact during the week, whether by hosting fraud awareness training for your employees, posting articles on your website and social media, or teaming with local media to highlight the problem of fraud.
Any organization can get involved – it doesn’t cost anything to sign up, and the ACFE shares resources with all of the official supporters to help them in their anti-fraud activities. Every year on FraudWeek.com we post downloadable resources, including the Fraud Prevention Check-up, Fraud IQ Quiz and educational presentations focused on fraud prevention and detection.
Here is a sneak peek at a few of the free resources you can use this year:
- Fraud Prevention Check-up (PDF): How vulnerable is your company to fraud? Find out by using the ACFE's Fraud Prevention Check-Up, a simple yet powerful test of your company's fraud health.
- Managing the Business Risk of Fraud: A Practical Guide (PDF): This guidance paper, developed jointly by the ACFE, IIA and AICPA, provides key principles for proactively establishing an environment to effectively manage an organization’s fraud risks.
- Profile of a Fraudster (PowerPoint): ACFE research helps identify common traits and behavioral red flags among those who perpetrate fraud.
Stay tuned for more resources!