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CFE-In-Practice
Integrity. Intelligence. Independence. |
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WHO
SHOULD YOU CONTACT FOR A FRAUD EXAMINATION Crime
comes in many forms. Fraud sometimes finds its way into the banking world, and the damage it can do is sadly
extensive. Businesses, and indeed,
individuals are destroyed by this crime. CFE-In-Practice, takes fraud very seriously.
We are the Certified Fraud Examiners in practice. We are licensed by
the Singapore Police (License No. L/PS/000171/2004) to provide investigation service. We are
the fraud
specialists who can help.
WHAT IS A
CERTIFIED FRAUD EXAMINER? A Certified
Fraud Examiner (CFE) is a specialist in the detection and deterrence of a wide
variety of white-collar crimes - from discovering employees or executives who
misappropriate company assets to assisting investors who are defrauded in the
course of commercial transactions. All Certified Fraud Examiners
must meet the rigorous criteria for admission to the Association.
Thereafter, they must exemplify the highest moral and ethical standards and must
agree to abide by the bylaws of the Association of Certified Fraud Examiners'
Code of Professional ethics.
WHAT DOES A
CERTIFIED FRAUD EXAMINER DO? A Certified Fraud Examiner is responsible for resolving allegations of fraud, obtaining evidence, taking statements, writing reports, testifying to findings, and assisting in the prevention and detection of fraud and white-collar crime.
WHO UTILIZES
CERTIFIED FRAUD EXAMINERS?
Most
banks as well as governmental agencies in the United States and
throughout the world employ certified fraud examiners. CFE is one of the
three preferred and recognised qualification by the Central Intelligence Agency
of the United States of America in its recruitment for auditors. Certified Fraud
Examiners are charged with investigating a wide variety of allegations of fraud,
primarily within their own organizations. Certified Fraud Examiners can also
provide investigative and consulting services to law firms, business
enterprises, and others in the area of litigation support, fraud investigation,
and fraud prevention.
HOW CAN I
RETAIN THE SERVICES OF A CERTIFIED FRAUD EXAMINER? To secure the services of a Certified Fraud Examiner in Asia, contact Tommy Seah, C.M.C., C.F.E., M.IIA at tommy@cfe-in-practice.com or e-mail Jerene at enquiry@cfe-in-practice.com to discuss 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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