• January/February 2017 | Vol. 32 | No. 1

Featured Articles

  • Dauntless digger: Journalist exposes FIFA

    Investigative reporter Andrew Jennings, the 2017 ACFE Guardian Award recipient, has been chasing bad men around the world for more than three decades. He’s dug into the crimes of the members of the International Olympic Committee. And his discoveries at FIFA have led to the eventual indictment and convictions of scores of fraudsters. And he’s still ready with the shovel.

    Finding fraud in bankruptcy cases

    In this bankruptcy case, a judge ruled that the author and the company’s outside CPA didn’t prove the company was insolvent during all the fraudulent conveyances or fraudulent transfers, which limited the penalties. Here the author proposes a better way to establish the date of the insolvency of an entity and thus recover more fraud proceeds.

    Overcoming choice paralysis when using data analytics

    Our natural inclinations tell us that the more information we have, the better decisions we can make, according to the author. However, thanks to one grocery store study, the opposite might be true. Read how a jam taste test proves that information overload can actually stymie a fraud examination.

    Procurement predicament: 'Veils of trust' hinder detection

    This aerospace case history illustrates how fraudsters are able to easily commit procurement fraud because they can hide behind “veils of trust” they have with organizations’ employees and victims. Here’s how to thrust back the curtains and let the light shine in on cozy arrangements.

    COSO and the ACFE release new guide on managing fraud risk

    Organizations can prevent massive, paralyzing frauds. And they can detect small frauds before they become massive frauds. Practical anti-fraud support is available in the new COSO/ACFE Fraud Risk Management Guide.

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