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India Chapter for ACFE
What Is ACFE
Our Story
The conversation that sparked the formation of the Association of Certified Fraud Examiners (ACFE) occurred in 1985 on an office porch in downtown Austin, Texas. During a casual exchange between ACFE founder and Chairman Dr. Joseph T. Wells, CFE, CPA, an accountant turned FBI agent, and the foremost criminologist in the country, Dr. Donald Cressey, the ACFE began to take shape.
At that time, fraud detection and deterrence were handled by two different groups: accountants who didn’t know anything about investigating fraud and investigators who didn’t know anything about accounting.
"What you need to do is combine these disciplines," Cressey suggested matter-of-factly.
A few years later, Wells did just that. The culmination of these insights led to the formation of a common body of knowledge known today as fraud examination and has since bridged a gap in disciplines.
Still based out of its original headquarters in Austin, Texas, the ACFE supports more than 90,000 members in over 180 countries. Members include CPAs, auditors, lawyers, investigators, law enforcement officers, security professionals, executives, managers and anyone whose job involves preventing, detecting or deterring fraud.
The ACFE Mission
The mission of the Association of Certified Fraud Examiners (ACFE) is to reduce the incidence of fraud and white-collar crime and to assist the membership in fraud detection and deterrence.
India Chapter for ACFE
Our Story
The India Chapter of Association of Certified Fraud Examiners Austin Texas USA was established in the year 1994. The founding Members of the Chapter includes Mr. S.K Bansal, CFE of Bansal & Co, Mr. G. Kali Prasad, CFE from E&Y, Mr. Prasad, CFE from Indian Oil Corporation, Mr. S.R Bansal, CFE Bansal & Co, Late Ms Anuradha Tuli,CFE, PWC, Mr. Sumit Makhija CFE E&Y, Mr. Chetan Dalal CFE, Mr Mayur Joshi, CFE Mr. Sharad Kumar,CFE Civil Servant, Mr. S Dhingra, CFE from Dhingra and Dhingra Chartered Accountants, Mr. Gupta, CFE of Bansal &Co.
The India Chapter initially operated from Himalaya House K.G Marg Connaught place and later was shifted to Bengali Market. The Chapter was finally shifted to A-6 Maharani Bagh New Delhi from where it is currently operating.
India Chapter of Association of Certified Fraud Examiners have been proactive from its inception and to its credit have been in the forefront of putting forth the issues related to Fraud Examiners as well creating awareness about Corruption and Fraud. The Chapter from time to time has been providing skill upgradation in the field of Fraud Examination, Forensic Accounting and Forensic Auditing.
The chapter to its credit organized a National Convention in the year 1996 in Hotel Le Meriden which was inaugurated by then Secretary Ministry of Law and Justice and was participated by professionals from all walks of life as well as Civil Servant. The National Convention was widely covered by National Media and proves to be a huge success.
The chapter has nominated Mr. V.K. Shingulu for Life time Achievement award to Association of Certified Fraud Examiners USA and award was conferred to Mr. V.K Shungulu then Comptroller and Auditor General of India in the year………………
The chapter has been training the enforcement officers from CBI, Senior Auditors from CAG Office at CAG Training Centre in Noida, The Customs officials at National Academy of Customs, Excise and Narcotics, The Chartered Accountants at Northern and Eastern Regional office of Institute of Chartered Accountants of India and various other places.
India Chapter did not limit itself to India but also have been providing training to professionals outside India. In the year 2010 it provided training to Enforcement Officials of Govt of Fiji organized by Fiji Independent Commission against Corruption, The finance officials of National Development Bank of Mauritius, Air Mauritius, Revenue officials and Fraud Examiners in Mauritius in training program organized by Port Louis Chapter of ACFE. The Chapter also trained the Banking Officials of Nepal Bank in Kathmandu.
Under its continued program of upgrading the skills of professionals in the field of Fraud Investigation, Finance, Auditors its training the CFE candidates for CFE Examination for last five years. It’s also conducting regular training to staff and officers at CBI Academy.
The Chapter has recently signed a Memorandum of Understanding (MOU) with National Forensic Science University Gandhi agar under which both the institutions will exchange research, training and upgrading of skills of students as well as professionals
The India Chapter has also the distinction of being represented at various Committees of Association of Certified Fraud Examiners USA which includes International Fraud Committee, Ritchie Jennings Scholarship Committee, and Higher Education Committee.
The Chapter has submitted its detailed proposal to the Parliamentary Committee in 2012 envisaging a provision in the Companies Act 2013 for Forensic Audit by Qualified Forensic Audit which includes CFE also.
The Chapter as part of ACFE USA Fraud Awareness program conducted a Fraud Awareness week at CBI Academy updating the trainees about the career in Fraud Examination and how to identify Red Flags. This has been a success.
The Chapter is a not for profit body registered under Societies Registration Act 1860 and all its office bearers devote their time as volunteers
The Chapter had three categories of Members- CFE, Associate, Affiliate and students.
CFE: All those who are certified by ACFE USA as CFE after passing the CFE Exam and meeting the requisite criteria can become CFE Member of the Chapter by applying and paying the fees for the same.
Associate: All those Professionals who are actively working in the field of Forensic Accounting, Audits, Vigilance Officers, Investigators, Lawyers, Banking Officials, Customs and Revenue Officials, Insurance Investigators IT Professionals and other allied professions.
Affiliate: All those who are not directly related but have interest in the field of Fraud Examination and Forensic Accounting can be admitted as Affiliate Member on a request mad by them and on approval payment of Fees.
Students: All students of recognized universities and institutions studying Accounting, Auditing, Forensics, Law, Criminology and other allied subject may join the chapter as student member.
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