According to the Association of Certified Fraud Examiners (ACFE), anyone and everyone who is involved in small business finances, including accountants, human resources professionals and bankers, is on the front lines of fraud prevention.
As bookkeepers, accountants, CPAs, consultants and more, we are all involved in some capacity with businesses and their financial information, internal controls, policies and procedures when we consult with company owners about their success.
With the knowledge, within the ACFE, you will find assessments, templates and real case examples, and you can even join a local chapter to network and maybe connect with someone who already is working in this area. If you are looking to get on the front lines of fraud prevention, this is the organization that I rely on and have relied on to help me learn and improve my skills as a Certified Fraud Examiner, and of course, as a Certified Public Accountant.
The ACFE is located in Austin, TX, and was established in 1988 by Dr. Joseph T. Wells, CFE, CPA. Dr. Wells was named one of 17 of the Most Influential People in Security in 2018 by Security Magazine.
According to his biography, Dr. Wells believes “[w]hat becomes clear is that the demographics of crime have been changing…As a society, we are less violent than in the past but more dishonest. In short, while murder is down, scams are at an all-time high. It is imperative that security and law enforcement professionals respond by educating themselves on how to address this growing threat.”
This is a topic I have become extremely passionate over the last two years. The ACFE provides education, resources and networking opportunities to help create a larger awareness of the growing risks for businesses when it comes to fraud. Ross Pry and I discussed the various resources that are available through the ACFE membership. Even if you are not eligible to sit for the CFE exam, you will still benefit from the education and networking that will help you build a fraud prevention niche.
I don’t operate my company the same and handle my clients the way I did before being exposed to this critical information. I encourage everyone to get involved with this organization and help fight against business fraud.
Dawn is a Certified Public Accountant, Certified Fraud Examiner, and CEO of Powerful Accounting, LLC. Powerful Accounting is a nationally recognized accounting, tax, forensic and fraud, IRS and State Agency audit professionals as well as a QuickBooks consulting firm. Recently, Powerful Accounting has partnered with Anderson, Brolin & Coba...