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CFE-In-Practice
Integrity. Intelligence. Independence. |
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If you or your
bank has
suffered, or you suspect that you may have suffered loss or damage
as a result of fraud or serious business irregularities, please contact us for a confidential consultation.
Without obligation, we will provide a timely response to your enquiry and, if we can be of
service, we will provide our detailed proposal and cost estimate
responsive to your needs.
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Who Should You Contact for a Fraud Examination? What is a Certified Fraud Examiner? ... more
First it was the fraud at Enron in America followed by WorldCom financial fiasco. Recently in Asia it was the APP financial saga. Nearer home in a totally unrelated commercial crime perpetrated by some of OUB bank’s internal audit staff reflected bad light on the audit profession once again... For the man in the street, the question that
begs an answered is : “If you cannot even trust the auditors, who else
can you trust ?”
"...This new accounting standard establishes uniform hedge accounting criteria for all derivatives. Hedge accounting recognises ..." Read more on SAS 33
No financial institution is immune from these new legal requirements or exempt from enhanced scrutiny. Violations can yield severe consequences, including fines, forfeitures and prosecution. Reputational harm can be devastating. ... more
An officer of Commercial Affairs Department's Financial Investigation Division was quoted as saying "What was unique was that the masterminds were from the audit and inspection team - the people who are entrusted with ferreting out anything suspicious. And yet, they are the ones who masterminded this". So, what could not have happened had happened. ... more
1994 Metallgesellshaft loses $1.5 billion on oil futures. 1995 Barings Bank goes bust. 1997 Nobel Prize in Economics awarded to Robert Merton and Myron Scholes. 1998 Long Term Credit Management Bailout 1999 The Flaming Ferraris 2001 Enron goes Bankrupt 2002 AIB loses $750 million ...more
Read Fraud Cases ... more |
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