News and analysis on the global fight against fraud
Maureen Molekwa works as a risk mitigation officer at a financial institution in South Africa. She participated in our last 90-Day CFE Exam Challenge and was one of our most active participants in the group, checking in every week, sharing study tips and helping to cheer on fellow challenge participants. Maureen has a few study tips to share if you’re considering joining the 90-Day CFE Exam Challenge.
Read MoreIn April 2018, the ACFE released the 2018 Report to the Nations, which provided a global analysis of the costs and effects of occupational fraud (i.e., fraud committed against the organization by its own officers, directors, or employees). The report highlighted the tremendous impact occupational fraud has on organizations throughout the world. In a new sub-report, we now focus more closely on how occupational fraud impacts the government sector.
Read MoreDuring the last year, whistleblowers were frequently featured in international media. News agencies covered exposures of wrongdoings, such as the Panama Papers, #metoo and LuxLeaks. There is an increasing recognition of the value of whistleblowing as a means of addressing misconduct. Also, a growing number of countries are putting legislation in place aimed at protecting whistleblowers. For example, the European Commission proposed a new law this year to strengthen whistleblower protection across the EU.
Read MoreJoanna Kardys-Stone is a CPA whose work focuses mostly on financial statement audits. She began her studies for the CFE Exam at the end of 2017 but got busy and distracted over the holidays. For Joanna, the 90-Day CFE Exam Challenge came at the perfect time for her to recommit to her goal.
Joanna earned her CFE credential in June, and she has some tips and advice to share with anyone else who is considering signing up for the challenge.
Read MoreOne aspect of fraud examinations that is constantly changing is the use of technology for fraud prevention and detection, with an emphasis on detection. From rules-based systems, fraud analytics and artificial intelligence-based programs, examiners look to increase the effectiveness and efficiency of their work through the use of technology. However, it is critical to the management of fraud risk that examiners focus more of their efforts on the use of data and technology on the mitigation of fraud risk.
Read MoreNews and analysis on the global fight against fraud.
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