ASSOCIATION OF CERTIFIED FRAUD EXAMINERS

The Association of Certified Fraud Examiners (ACFE) was established in 1988. Its founder, Joseph T. Wells, was previously a public accountant and also a special agent of the Federal Bureau of Investigation, with experience in public accounting and in heading his own consulting firm. He continues to be active in the ACFE and serves as chairman of the board of the association. As of mid-2005, there were more than 34,000 members worldwide, with approximately 120 local chapters. Over forty states in the United States have at least one local chapter.

The ACFE's mission, as stated in its official materials, is to reduce the incidence of fraud and white-collar crime and to assist the membership in its detection and deterrence. The primary means of achieving this mission are through a certification program, continuing education and training of members, and publications and a range of research activities. Local chapters provide activities to enhance professional knowledge and skills while the national office offers seminars, conferences, custom training, and antifraud materials to universities and other entities. Activities are provided at locations throughout the world.

Publications are available for those preparing for the examination for professional certification, as well as for members and others interested in extending their knowledge of fraud detection and prevention. Additionally, the ACFE provides leadership, through speeches, newsletters, and other means, in maintaining public confidence in the integrity and objectivity of its members.

Of the 34,000 members of the ACFE, more than 15,000 are certified fraud examiners. Certification requires prior experience related to detection or deterrence of fraud. Those who are certified participate in continuing educational programs.

Those seeking certification must first be associate members of the ACFE. Requirements for membership include a 10-hour computer-based examination that includes topics related to criminology and ethics, financial transactions, fraud investigation, and legal elements of fraud.

More information is available from the ACFE at its world headquarters: The Gregor Building, 716 West Avenue, Austin, TX 78701-2727; (800) 245-3321 (USA & Canada only), +1 (512) 478-9000 (phone numbers); +1 (512) 478-9297 (fax); or, http://www.cfenet.com.

see also Forensic Accounting; Fraudulent Financial Reporting

Bernard H. Newman