Sept. 22, 2011 - AUSTIN, Texas, U.S.A. -- Anti-fraud professionals will gather in Singapore for expert training and professional networking at the 2011 ACFE Asia-Pacific Fraud Conference, 23-25 October at Marina Bay Sands hotel and resort.
Prominent officials including Aedit Abdullah, Chief Prosecutor, Economic Crimes and Governance Division (Singapore); and Mark Steward, Executive Director, Enforcement Division, Securities and Futures Commission (Hong Kong) lead the list of experts who will share their insights and best practices in the fight against fraud.
Other keynote speakers include James D. Ratley, CFE, President and CEO of the Association of Certified Fraud Examiners (ACFE); and Peter Coleman, Executive Director, Forensic Services, Singapore & Southeast Asia, Deloitte & Touche Financial Advisory Services. The event kicks off with a pre-conference, “Effectively Using Social Networks and Social Media in Fraud Examination,” and includes main conference tracks with focused subjects including “Fighting Intellectual Property Fraud” and “The Global Challenges of Bribery and Corruption.”
With educational workshops, a panel discussion, and networking opportunities throughout the conference, the ACFE urges auditors, anti-fraud professionals, accountants, compliance officers, security and law enforcement professionals, solicitors and anyone whose job involves the detection and/or prevention of fraud to attend.
Results from a fraud survey conducted by the ACFE lend a sense of urgency to the training. The recent “Report to the Nations on Occupational Fraud and Abuse: Asia-Pacific Edition” found that the median fraud loss for organisations in Asia is about $300,000 USD – significantly higher than the global median loss of $160,000, according to a survey of Certified Fraud Examiners (CFEs) who investigated cases between January 2008 and December 2009.
Corruption was the most commonly reported scheme, appearing in more than half of the Asia-Pacific fraud cases in the study. Survey respondents also estimate that the typical organization loses 5 percent of its annual revenue to fraud, which is consistent with the study’s worldwide estimate.
It is against this backdrop that professionals from nearly 20 countries will gather at the ACFE conference, the largest event of its kind in the region. Early registration for the conference lasts through next Friday, 30 September.
Visit ACFE.com/AsiaPac for more information.
About the Association of Certified Fraud Examiners
The ACFE is the world’s largest anti-fraud organisation and premier provider of anti-fraud training and education. Together with more than 55,000 members in more than 150 countries worldwide, the ACFE is reducing business fraud and inspiring public confidence in the integrity and objectivity within the profession. For more information about the ACFE, visit ACFE.com.