2019 Report to Members

Presented by the Association of Certified Fraud Examiners

Letter From The President

Letter from the President

If there's one thing the ACFE and its members know, it's that the world never stops changing.

Technology evolves. Fraudsters adapt. New threats emerge.

All the while, you are there at the forefront, pushing yourselves to keep up with each dramatic twist and turn.

This year, we've traveled to several countries, meeting many of you all over the world — Singapore, Abu Dhabi, Zurich and even our hometown of Austin, Texas — and what strikes me about each interaction is that you all possess an unflinching resolve.

This resolve carries you through each challenge, each hurdle, each setback. It buoys you up when it seems like the fraudsters might be winning. This resolve is with you, step by step, as you pave new, unforeseen paths in the anti-fraud profession. It is a privilege to witness.

As we head into another year of preventing, detecting and deterring fraud, please take a moment to join me and the ACFE in commending all that you and your fellow members accomplished in 2019.


bruce signature

Bruce Dorris, J.D., CFE, CPA
ACFE President and CEO

Involvement

ACFE 2019 Award Winners

Thought Leaders

report to the nations 2018

Report to the Nations is the largest global study on occupational fraud. More than 2,500 cases provided by CFEs were studied for the ACFE’s upcoming 2020 Report to the Nations.

ACFE Blog Insights

ACFE Insights is the ACFE's one-stop shop for news, analysis and commentary on the global fight against fraud. This year the blog had a total of 33 contributors.

Fraud magazine

Fraud Magazine® is a bimonthly publication that gives readers practical "down-in-the-trenches" information they can apply immediately. This year, Fraud Magazine had a total of 53 contributors.

The Fraud Examiner

The Fraud Examiner is a monthly, members-only newsletter that includes exclusive articles, profiles and videos that go in depth on a wide variety of anti-fraud topics, all of which can be found in the archives

This year, 133 members were ACFE conference speakers.

In 2019, the Institute of Fraud Prevention (IFP) merged with the ACFE Foundation, which expanded the Foundation's mission beyond college scholarships to cutting-edge, anti-fraud research that's accessible to all CFEs. The IFP will now be known as the ACFE Research Institute.

With a new decade, comes a renewed focus on innovation. You can expect to see more collaboration, more distribution and more channels to distribute the ACFE Research Institute's findings.

802 Supporters

20 Ambassadors

109 Countries

Fraud Week Logo

This year, 6,276 Associate members became CFEs.

Learning

CPE credits earned in 2019

107,547 CPE

Events

126,326 CPE

Fraud Magazine Quizzes
and Self-Study Courses

16,431 CPE

Live Webinars

Earning the CFE Credential

The 90-Day CFE Exam Challenge provides Associate members with study tips and peer support to help them stay motivated and on track to reach their goal of passing the CFE Exam. The challenge is designed to help members successfully complete the exam in three months. It is one of the most popular ways our members prepare for the CFE Exam.

2017

1,122 Participants

124 Challenge Winners

2018

1,669 Participants

161 Challenge Winners

2019

2,316 Participants

190 Challenge Winners

1,122 Participants

1,669 Participants

2,316 Participants

124 Challenge Winners

161 Challenge Winners

190 Challenge Winners

Here's how Brenda Auner, CFE, celebrated when she completed the April-June 2019 challenge and passed the exam.

brenda

When I got the email that I had passed, I yelled "YES!" and I did a little happy dance. I felt ecstatic, relieved and accomplished (and smart, haha). And then I called everyone who knew I was taking the exam to share my great news. I was so excited. I celebrated with ice cream immediately, and then my husband took me out to my favorite restaurant for dinner that weekend.

Throughout the challenge, it helps to know that there are people in the same boat as you, struggling to find the time or understand a particular topic. The moderators are great at responding to questions in the discussion forum and via email, and the encouragement from other participants is seriously invaluable.

Providing Opportunities for the Future of Fraud Fighting

The ACFE Foundation supports students who want to pursue a career in fraud examination. Each year, ACFE chapters and individual members donate money to fund the Ritchie-Jennings Memorial Scholarship, which provides an opportunity for students to advance their education and anti-fraud career paths.

For the 2019-2020 scholarship, Yelesina Hernandez from Houston, Texas, was selected as the recipient of the $10,000 award.

yelesina

This investment in my education means that I can become the first female in my family to graduate from university with a degree in accounting. This scholarship means I can continue to pursue my dreams of one day becoming a fraud examiner. It means that there are people who care so much about the anti-fraud profession that they decided to donate a portion of their hard-earned money to help people like me.

$87,705 Raised

for the Ritchie-Jennings Memorial Scholarship in 2019

Forging A Strong Partnership

Steve met Melissa at the 29th Annual ACFE Global Fraud Conference in Las Vegas, Nevada. The ACFE Mentoring Program had just begun, and Steve signed up to be a mentor.

Through in-person interactions during the conference, Steve could see Melissa's passion for the anti-fraud profession. She was starting her own practice from scratch, something he'd done 13 years before, and he knew that sharing his experiences would accelerate Melissa's launch.

Melissa was looking for a mentor who had a successful consulting practice and who was approachable. After they met at a conference networking event, Steve's willingness to share his insight with the group and his candidness inspired Melissa to send him a mentor request.

Through their long-standing partnership, Steve guided Melissa through the process of starting her own consulting firm. He knew when to push forward and when to take a step back. Wearing several hats in a solo operation is not easy, and Steve's encouragement helped Melissa through tough challenges.

His guidance has been instrumental in her success, and she hopes to pay it forward in the future.

Enroll Today

1,181 in 2018

543 mentors and 638 mentees

1,132 in 2019

282 mentors and 850 mentees

2,313 TOTAL

participants in the mentoring program

In-House Investigation Teams: 2019 Benchmarking Report

The ACFE's most recent report highlights data from ACFE members who work as a part of in-house teams performing fraud investigations for their employing organizations. The information provided in this report can be used to compare an investigation team with teams at other organizations of a similar size or in the same industry. It can also help improve investigation teams' processes and allocation of resources.

  • 60% of organizations expect to increase their investments in anti-fraud programs in the next two years.
  • 58% of organizations currently have inadequate levels of anti-fraud staffing and resources.
  • Organizations typically employ 2.21 fraud investigators for every 1,000 employees they have on staff.
Investigation Teams Report
in-house investigations benchmarking report image one
in-house investigations benchmarking report image two
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Anti-Fraud Technology Benchmarking Report

This year, the ACFE conducted a benchmarking study to help organizations understand what anti-fraud technologies their peers are using and to assist in guiding future adoption of anti-fraud technologies. The Anti-Fraud Technology Benchmarking Report, developed in partnership with SAS, aims to help organizations effectively evaluate anti-fraud technologies so that they can remain one step ahead of potential fraud perpetrators.

  • 55% of organizations expect to increase their budgets for anti-fraud technology over the next two years.
  • The risk areas where organizations most commonly use data analytics to monitor for potential fraud are purchasing (41%) and disbursements (38%).
  • Only 39% of organizations use a formal case management software program
anti-fraud technology benchmarking report image
Anti-fraud technology benchmarking report

Stories Behind the Numbers

Each of the 2,690 real cases of occupational fraud reported in the ACFE’s 2018 Report to the Nations has a unique story behind it. For the first time since releasing this biannual report, you can dive deeper into five of these cases by reading the stories behind the numbers, which were provided by the investigating CFEs.

stories behind the numbers

Practice makes imperfect

stories behind the numbers

The veteran bookkeeper

stories behind the numbers

Taking advantage

stories behind the numbers

The vacation day

stories behind the numbers

Banker on the run

Click an icon to read the story.

Geography

Highlights from a few of the most popular conferences in 2019

Middle East
- Hosted in partnership with the Abu Dhabi Accountability Authority

Abu Dhabi, UAE

The ACFE's largest regional conference with more than 450 attendees.

middle east fraud conference 2019

READ RECAPS

Europe

Zurich, Switzerland

Keynote speakers included Gretta Fenner, Sir Rob Wainwright, Dr. Alexander Wagner and more.

euro fraud conference 2019

READ RECAPS


ACFE Global Fraud Conference

Austin, Texas
3,400+ attendees and 62,956.4 CPE credits earned
Keynote speakers included Bill Browder, Tyler Shultz, Theresa Payton and more.

acfe global fraud conference 2019

READ RECAPS


Asia-Pacific

Singapore

Keynote speakers included Tom Wright, Graeme Samuel, Eric Lam and more.

asia-pac fraud conference 2019

READ RECAPS

Canada

Montreal, QC

Keynote speakers included Mark Bowden, Kathy Macdonald, Ray Boisvert and more.

canada fraud conference 2019

READ RECAPS

ACFE Chapters

234 chapters worldwide
Chapters act as local representatives of the ACFE, providing continued support for members worldwide. Members connect and collaborate with other fraud fighters in their area and participate in events that promote awareness of the anti-fraud profession. This year, we welcomed 9 new chapters to the ACFE.

ACFE Chapters Logo
Authorised Trainer Program

Authorised Trainer Programs

The ACFE introduced the Authorised Trainer Program to provide members and other candidates outside of the U.S. with the opportunity to attend a live CFE Exam Review Course and learn from qualified third-party instructors. The program has grown across 46 countries this year.

Coming in 2020

Thank you, members, for making 2019 such a memorable year. Your dedication, passion and willingness to help others continue to make the ACFE a standout organization. We look forward to providing you with new tools, resources and training opportunities in the future.