Fraud Awareness Week 2016

Forensic Accounting Qld Joins Movement to Shine a Spotlight on Fraud

International Fraud Awareness Week kicks off 13 November 2016 worldwide

Fraud costs organisations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). The ACFE’s 2016 Report to the Nations on Occupational Fraud and Abuse analysed 2,410 occupational fraud cases that caused a total loss of more than $6.3 billion.

The seriousness of the global fraud problem is why Forensic Accounting Qld announced that it will be participating in International Fraud Awareness Week, 13-19 November, 2016, as an official supporter to promote anti-fraud awareness and education. The movement, known commonly as Fraud Week, champions the need to proactively fight fraud and help safeguard business and investments from the growing fraud problem.

Forensic Accounting Qld joins hundreds of organisations who have partnered with the ACFE, the world’s largest anti-fraud organisation and premier provider of anti-fraud training and education, for the yearly Fraud Week campaign.

During Fraud Week, official supporters will engage in various activities, including: hosting fraud awareness training for employees and/or the community, posting articles on company websites and in newsletters and teaming up with local media to highlight the problem of fraud.

Steven Ponsonby – Founding Director of Forensic Accounting QLD stated that;

“The absence of evidence of fraud is not evidence of the absence of fraud”

ACFE President and CEO James D. Ratley, CFE, said that the support of organisations around the world helps make Fraud Week an effective tool in raising anti-fraud awareness.

“The latest statistics tell us that fraud isn’t going away, and companies that don’t have protective measures in place stand to lose the most,” Ratley said. “That’s why it is reassuring to me to see so many businesses, agencies, universities and other organisations involved in the Fraud Week movement. The first step in combating fraud is raising awareness worldwide that it is a serious problem that requires a proactive approach toward preventing it.”

“Since our first Fraud Week more than 10 years ago, the movement continues to grow,” Ratley said. “I heartily thank all of the supporters of Fraud Week for making it what it is today.”

For more information about increasing awareness and reducing the risk of fraud during International Fraud Awareness Week, visit FraudWeek.com.

The 2016 Report to the Nations is available for download online at the ACFE’s website: ACFE.com/RTTN.  The Report is in PDF format.

About Forensic Accounting Qld:

Forensic Accounting Qld was established in 2008 by founding Director Steven Ponsonby, a Chartered Accountant FCA, Insolvency Practitioner RITP and Certified Fraud Examiner CFE.

Forensic Accounting Qld is a leading independent forensic accounting practice providing specialised forensic accounting services to a broad spectrum of clients across Queensland and Australia from offices situated in the Brisbane CBD and at Maroochydore on the Sunshine Coast.

Please refer to our website for more information about the areas of expertise and how we can assist you further.

About the Association of Certified Fraud Examiners:

Based in Austin, Texas, the ACFE is the world’s largest anti-fraud organisation and premier provider of anti-fraud training and education. Together with more than 75,000 members, the ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession. For more information, visit ACFE.com.

Steven Ponsonby is a Chartered Accountant FCA, a Certified Fraud Examiner CFE and Insolvency Practitioner RITP and is the founding Director of Forensic Accounting Pty Ltd, a leading independent forensic accounting practice, providing forensic accounting services and expertise to a broad spectrum of clients across Australia.

One comment

  1. Steven
    |

    Excellent article and a very worthy cause. Good on Forensic Accounting Qld for supporting international fraud week.

    Keep up the good fight.

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