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What is a CFE and what have they to do with Fraud?

What is a CFE and what have they to do with Fraud?

Have you ever been in a situation that looked bad but in fact was proven not to be?
Do you have any examples of where the books that have been cooked?
Do you have examples of where accountants have uncovered fraud or other illegal or unethical acts?
Could the failure to record or report a contingent liability be considered a type of fraud?

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What is a CFE and what have they to do with Fraud?

Have you ever been in a situation that looked bad but in fact was proven not to be?
Do you have any examples of where the books that have been cooked?
Do you have examples of where accountants have uncovered fraud or other illegal or unethical acts?
Could the failure to record or report a contingent liability be considered a type of fraud?

Solution:

What is a CFE and what have they to do with Fraud?

A CFE is a Certified Fraud Examiner. A CFE is either an internal or external employee of the company who investigates frauds or possible frauds that have occurred. The CFE then follows the investigation, performing every step as outlined by the ACFE (Association for Certified Fraud Examiners) or other authoritative body to whom the CFE is certified from.

Have you ever been in a situation that looked bad but in fact was proven not to be?

As a public accountant ...

Solution Summary

What is a CFE and what have they to do with Fraud?

Have you ever been in a situation that looked bad but in fact was proven not to be?
Do you have any examples of where the books that have been cooked?
Do you have examples of where accountants have uncovered fraud or other illegal or unethical acts?
Could the failure to record or report a contingent liability be considered a type of fraud?

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