Intuition. It drives fraud examiners in their daily pursuits to uncover or prevent fraud in their organizations. But CFEs are trained to do this work. Tyler Shultz, our 2019 Sentinel Award winner, wasn’t a CFE. He was a young, idealistic, budding scientist who helped unravel one of the most prolific frauds in years. His intuition led him to start questioning what was going on at Theranos, a blood-testing company founded in Silicon Valley. He knew his test results and observations didn’t match what the company was publicizing. He suspected Theranos CEO Elizabeth Holmes wasn’t being completely truthful.Read More
Modern technology advances quickly. What’s innovative and fresh one day can be quickly outdated and short-lived in just a few months.
As smart devices get smarter, business and industry depend more heavily on them and the data they store, which makes fraud examinations more challenging and complex.Read More
Most of our event speakers instruct from the knowledge they have in specific areas of fraud examination. But Kathe Swanson isn’t trained in law enforcement, auditing or compliance. She’s someone who noticed something wrong and had the guts and determination to shine a light on it.Read More
We all know this well-worn concept: An organization’s reputation takes years to develop, but it can collapse overnight if it didn’t originally possess integrity from the top down. “It took 160 years for Siemens to build a reputation and only five minutes to ruin it,” said Dr. Andreas Pohlmann, the former chief compliance officer of Siemens, at the 29th Annual ACFE Global Fraud Conference in June. A little ill-gotten profit means nothing if a business has to close its bank accounts when it goes belly up.Read More
Bryan Fogel has most likely never performed a ratio analysis on corporate financial statements or testified in court during a fraud trial, but the story he told through the Academy Award-winning documentary, ICARUS, resonates with what we do as fraud examiners.Read More