ACFE Wraps Up Seminars in Asia-Pacific Region


Mandy Moody, CFE
ACFE Social Media Specialist

Donald Cressey’s Fraud Triangle is not a concept that only applies to one gender, culture or country. Whether you are investigating fraud in Bangkok or Belfast, pressure, opportunity and rationalization are three universal factors that know no regional boundaries. Just as these motives are universal, so are the training and skills needed to fight them.

In April the ACFE was proud to host seminars in Shanghai, Jakarta and Melbourne in an effort to offer more anti-fraud training and education in the Asia-Pacific region. With a diverse group of anti-fraud professionals in attendance at each course, the enthusiasm and need for education regarding internal fraud and investigations, as well as fraud risk management, were apparent.

“The fraud schemes themselves are universal – there seem to be very few differences in the schemes from one part of the world to another,” ACFE Faculty Member Gerry Zack, CFE, CPA, CIA and President of Zack, P.C. said. “When I was asked to teach these courses, I expected to really enjoy meeting anti-fraud professionals from all over the world and hearing their stories. And I was not disappointed.”

Zack traveled first to Shanghai, China, April 15-16 to teach the two-day Auditing for Internal Fraud. The fraud fighters assembled there explored the challenges auditors face when identifying fraud and learned about the common schemes, detection techniques and methods of preventing occupational fraud. He then taught Conducting Internal Investigations in Jakarta, Indonesia, April 18-19 and wrapped up in Melbourne, Australia, April 22-23 with Fraud Risk Management.

Lim Kurniawan, CFE, is the Managing Director at Awesome Consulting in Jakarta. He knew of Zack before attending the Conducting Internal Investigations course because he bought the book, Fair Value Accounting Fraud, written by Zack. In the book, Zack highlights the risks of the International Financial Reporting Standard, a standard that is adopted as a local accounting principle in Indonesia. Kurniawan and Zack not only share the challenges of implementing global standards, but they also experience the same successes and trials during the interviewing process.

Kurniawan plans to use the lessons from a simulation Zack used in the course to help clients interview witnesses. “The skills taught in this course were practical, which I believe to be very applicable,” Kurniawan said. “Gerry offered specific examples from his own life, not fictitious ones. It was such an honor for Indonesia to be visited by an amazing international speaker. I hope in the future such a richly rewarding course could be attended by more people, thus Indonesia could be more blessed in this way.” 

Read more about the seminars in the ACFE's latest Global Spotlight.

Greetings from Sunny Singapore



Dewi Malik

Business Support Manager

ACFE Asia Pacific Regional Service Centre

Combatting fraud has no geographical boundaries. That is why the nature of fraud in global business today calls for an international presence. With the opening of the new Asia-Pacific office in Singapore we wish to strengthen our presence throughout this area and beyond. We also want to greatly improve support for our ACFE members in the region.

My colleagues and I are extremely excited to be a part of this huge step towards fulfilling ACFE's No. 3 New Year's Resolution-Expand International Growth Efforts to New Regions. This move to set up an ACFE office in the hub of Singapore truly represents the astounding membership growth in the Asia-Pacific region.

The ACFE Asia-Pacific office offers timely language-specific support to new, existing and potential members in this culturally diverse region. Whether you are from Korea, Japan, Australia or China, my colleagues and I are here to answer any queries or give feedback relating to the ACFE's membership, conferences, programmes and services. In addition to English, we have support staff members well-versed in Mandarin, Japanese and Korean.

I cannot tell you how thrilled I am to join the global ACFE family. I hope to be able to meet you and colleagues from around the world at the upcoming 2012 ACFE Asia-Pacific Fraud Conferencein Hong Kong, 4-6 November 2012.

We welcome your queries and feedback. Please contact us at +65 6496 5503 or I certainly hope to speak with you soon.