Last month’s trivia questions and answers
Which country offers an on-line fraud quiz to test their citizen's awareness to fraud?
Canada: If your country offers such a quiz, please let me know.
What was the first recorded fraud?
The first recorded fraud scheme is from 300 B.C. in Greece.
What is the full name of the person who first perpetrated the Ponzi scheme?
Despite the notoriety of Charles Ponzi, the scheme that carries his name, it was first perpetrated by Sarah Howe in Boston in 1879.
In the movie “The Accountant”, as the protagonist solves the financial statement fraud scheme, what real life financial statement fraud did the Accountant sketch out on the glass walls of the conference room?
What was the original name of the ACFE? NACFE
What was the original name of the ACFE monthly newsletter? White Paper
Is there a designation, Life Time CFE? Yes, it was issued once in the early years
What is your favorite Fraud Movie? This is always a tough question, but here is a few: Catch Me if You Can; The Wolf of Wall Street; Wizard of Lies, and of course, The Accountant.
What was the original name for the FBI?
Answer: B.O.I. Bureau of Investigation
What professions did J. Edgar Hoover like to hire for FBI agents?
Answer: Lawyers, reporters, and accountants
In the August blog, I provided you with a homework question.
I asked why the following fraud risk statement would not be included in the scope of your audit work:
“Payroll function causes a payroll payment to be issued in the name of an employee who is not on the human resources database.”
After a series of thought-provoking blogs, I thought it was time to write a practice blog. I hope you find it helpful in your next audit.
So, you want to be a fraud auditor?
I have been practicing as a fraud auditor for over forty years. To be honest, for the first twenty, I did not know I was a fraud auditor. I spent the next twenty refining the practice of fraud auditing. So, this blog is intended to provide you the necessary skill set to become a fraud auditor.
Professional Skepticism: The Power of Fraud Knowledge
In June 2021, I will be speaking at the ACFE virtual conference on the Power of Fraud Knowledge. When I speak at a conference, my process is to select a topic, prepare the presentation, and then prepare to communicate the presentation. To do a good presentation, one should never simply read the slides but rather explain them, illustrate the concepts, explain practical applications, and maintain the audience’s interest. So, why am I telling you this?
Last month I wrote about the Top 100 Corporate Criminal List. So, this month I will write about the most ethical companies. If you are not aware, there is an organization, Ethisphere, that publishes a report each year listing the most ethical companies. I would encourage you to look at the report.
