The Association of Certified Fraud Examiners- A Solid Organization That Aims To Reduce Corruption In Your Organization
The Association of Certified Fraud Examiners (ACFE) is a professional organization that monitors business process with the help of professional fraud examiners. It is the world’s largest anti-fraud organization that provides anti-fraud training and education. Established in 1988, this organization also governs the professional designation of certified fraud examiner. With the efforts of 50,000 professionals, this group has been reducing business fraud world-wide and injecting public confidence in the integrity and objectivity within the pertaining profession.
One of the chief missions of the ACFE is to reduce the incident of fraud and white-collar crime by assisting the membership in fraud detection and deterrence activities. It aims to provide bonafide qualifications for Certified Fraud Examiners through administration of the CFE Examination. This group also sets high standards for admission, where candidates have to demonstrate their competence through mandatory continuing education. It needs examiners to adhere to a strict code of conducts and ethics.
This organization serves as the international representative for Certified Fraud Examiners required for business, government as well as academic institutions. It provides leadership to infuse public confidence in the integrity, objectivity and professionalism. There are many investigative accountants who are holding a bachelor degree in the accounting profession. Some of them also possess additional academic qualifications and degrees in the relevant field. In this regard, if you desire to become forensic accountant, you have to concede a CPA designation. And if you have degree recognized by the Association of Certified Fraud Examiners, then the scope of you earning would be broad.
There are some facts found by the ACFE:
Companies and government entities can cut their fraud losses by around 50 percent per scheme with the help of many individual fraud examiners question. Small businesses are the most vulnerable to occupational fraud and abuse. The larger businesses are interested in taking help of Anti-Fraud Unit, while smaller firms are largely dependent upon the trust of their employees. Accidental discovery and tips are the most common methods to uncover fraudulent activities.
The Association of Certified Fraud Examiners supports the anti-fraud community by catering professionals and information needed to fight fraud effectively. Generally, such professionals have obtained a minimum of 20 hours of continuing professional education (CPE) every 12 month period to stay current in their profession.