Fraud at the Top: The Costly Effect of Fraud Committed by Owners and Executives

/
Fraud at the Top: The Costly Effect of Fraud Committed by Owners and Executives

Olympus scandal: $1.7 billion. Bernie Madoff’s Ponzi scheme: $65 billion. Enron’s estimated total losses: $74 billion. Occupational frauds committed by owners and executives tend to be extremely costly, but why are they more costly and how do they differ from other types of fraud?

Read More

Key Findings From the 2018 Report to the Nations: Canada Edition

/
Key Findings From the 2018 Report to the Nations: Canada Edition

In a new sub-report, we now focus more closely on how occupational fraud impacts Canada. This study is based on the 82 cases of occupational fraud from Canada that were reported in our 2017 Global Fraud Survey. Collectively, these cases, which accounted for 4% of all cases in our global study, caused a median loss of USD 200,000 and lasted a median 12 months before they were detected. 

Read More

ACFE Members: Join the New Fraud Risk Management Group

/
ACFE Members: Join the New Fraud Risk Management Group

Dave Cotton, CFE, CPA, chairman at Cotton & Company, LLP, recently collaborated with several members of the ACFE to start a new group* in the ACFE Community dedicated to fraud risk management. In this group, members can discuss how to perform fraud risk assessments, implement best practices and raise fraud risk management awareness in organizations of all sizes and industries.

Read More

Fallout From the Danske Bank Money Laundering Scandal Begins

/
Fallout From the Danske Bank Money Laundering Scandal Begins

A money laundering scandal involving an Estonian branch of Danske Bank, the Danish financial institution, led to the resignation of CEO Thomas Borgen on September 19, but the fallout from what could end up being the largest money laundering scandal in European history is far from over.

Read More

How to Make Regulatory Change Actions Work For Your Company

/
How to Make Regulatory Change Actions Work For Your Company

The volume, velocity and range of regulatory change actions today are overwhelming. By having a regulatory change management system to track and monitor regulatory change activity, you can provide your executives and regulators with more visibility and a clear outline of what you are doing to minimize compliance risk.

Read More