springhill group south korea, springhill group: Learn what a CFE can do for you

http://www.valueinvestingnews.com/springhill-group-south-korea-springhill-group-learn-what-cfe

In today’s economic climate, who will help you protect your company and your clients from the devastating impact of fraud?

Fraud can creep into your business in a number of ways.
You may find you need an objective expert to deter potential problems, investigate allegations or provide resolution.
A Certified Fraud Examiner (CFE) offers anti-fraud knowledge and skills you need to:

• Investigate allegations against one of your employees
• Recommend strong anti-fraud internal controls
• Conduct interviews related to sensitive issues
• Provide assistance with financial dispute resolution
• Resolve irregularities discovered during your company’s audit
• Provide expert testimony on financial and investigative matters

A Unique Set of Skills
Fraud Examiners have a unique set of skills that are not found in any other discipline; they combine knowledge of complex financial transactions with an understanding of law, criminology, investigation and how to resolve allegations of fraud.

CFEs work in a variety of disciplines including accounting, auditing, fraud investigation and security, as well as in different industry segments including government, healthcare, financial services, manufacturing and retail distribution.

CFEs are knowledgeable in four areas critical to the fight against fraud:

• Fraudulent Financial Transactions
• Criminology & Ethics
• Legal Elements of Fraud
• Fraud Investigation

Reduce Fraud Risks and Costs
Heightened fraud awareness, combined with new laws and regulations, has increased the already growing demand in the workforce for professionals who are highly skilled at deterring, detecting and investigating fraud.

CFEs have the ability to:

• Identify and reduce opportunities for fraud
• Implement effective anti-fraud controls
• Continuously improve anti-fraud measures based on new risks and technologies
• Educate employees to deter fraud and report wrongdoing
• Resolve allegations or suspicions of fraud
• Assist in the recovery of fraud losses

Experience and Integrity
The standards for CFE certification are set by the ACFE’s Board of Regents, who are elected by CFE members and drawn from the most experienced members of the profession. CFE candidates must hold a Bachelor’s degree from an accredited institution and posses two or more years of professional experience in a field related to fraud deterrence and detection.

The CFE Exam is a rigorous process, testing the knowledge of candidates in all areas of fraud examination. CFEs are required to acquire at least 20 credit hours of continuing professional education each year to ensure that they remain informed, empowered and educated.

Code of Ethics
As leaders who inspire public confidence in the integrity and objectivity of the profession, CFEs adhere to the Certified Fraud Examiners Code of Professional ethics.
The code includes:

• Commitment to professionalism
• Diligence in performance
• Avoidance of conflict of interest
• Testifying truthfully and without bias or prejudice
• Complete confidentiality
• Revelation of all material matters discovered during an examination
• Continued effort to increase the competence and effectiveness of professional services performed under his or her direction

The CFE credential is the globally preferred certification for anti-fraud professionals. CFEs are specialists in the detection, deterrence and investigation of fraud. Over 20,000 CFEs are actively fighting fraud worldwide.

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Swedes to crack down on bogus billing scams

http://tonybricks96.edublogs.org/

The Swedish government want to increase penalties for issuing fake bills and have appointed a committee to look into the growing problem of billing fraud in Sweden.
Judge falls asleep twice during trial (6 Jan 12)
Fake invoice fraud on the rise in Sweden: report (3 Jan 12)
‘Wheelchair man’ jailed for four years for fraud (10 Dec 11)
“The real problem is that there is no experience among local police stations across the country to investigate this properly. There is no organized or functioning cooperation between different agencies, which is remarkable,” said public prosecutor Tord Josefsson to news agency TT.
Josefsson has recently appealed a billing fraud verdict in Helsingborg, in southern Sweden, and is set to discuss these issues with minister for justice, Beatrice Ask, on Wednesday. According to Josefsson, harsher legislation is not the answer to the increasing problem.
He told TT that longer sentences are not the answer, as the maximum penalty for economic crime is five to six years but that it is unusual for courts to give out sentences this long.

“That courts sentence fraudsters to this long sentences is very uncommon. It really only occurs when the activity is seen as particularly menacing to society,” Josefsson told TT.

Ask, however, told TT that the police and courts need to look closer at this kind of crime.

”It is developing at an alarming pace and is becoming a huge problem. Fake bills have become a major source of income for organized crime,” Ask said.

Although the rules need to differ between individuals and small businesses, it is vital that there are clear guidelines in both cases, according to Ask.

”It’s not all about giving out harsher sentences but also to see on a larger scale what problems there are. Maybe one also needs to question whether the current legislation is adequate,” Ask told TT.