CAFS case studies

CAFS · Put your knowledge to work in context.

The CAFS designation (Certified Anti-Fraud Specialist) is a professional credential aimed at people whose work touches fraud risk: internal auditors, compliance and risk officers, forensic accountants, bank and insurance investigators, and staff in law-enforcement or regulatory roles who handle financial misconduct cases. It signals that the holder can think about fraud across the full lifecycle - preventing it before it happens, detecting it once it occurs, investigating it properly, and reporting it in a way that survives scrutiny. The CAFS case studies are 5 cases and about 4,348 words.

Funding Fraud Controls Under a Fixed Budget at Northline Property Management

Northline Property Management manages 3,100 rental units and processes roughly 1,800 vendor invoices a month across a 96 million portfolio. Its last formal fraud risk assessment was completed three years ago.

802 words, about 4 min 2

Benford, Policy Thresholds and Alert Capacity at Meridian Health Plans

Meridian Health Plans reimburses about 45,000 employee expense claims a year. The analytics team built two rules.

844 words, about 4 min 3

The Laptop Refresh, the Works Council and the Three Bidders

At Calloway Industrial, an internal audit review of procurement found that a $2.3 million annual maintenance contract had been awarded three times in a row to the same supplier, each time through a competitive tender with three bids. The three losing bidders share a registered office address.

898 words, about 4 min 4

Immaterial to the Accounts, Material to the Covenant at Brightpath Logistics

Brightpath Logistics is listed on a European exchange. An internal audit review finds that the manager of the southern region overstated service revenue by 1.4 million across six quarters by recording invoices before services were performed and reversing them the following period.

921 words, about 5 min 5

The Tearful Admission, the Exit Request and the Draft That Says 'Stole'

During an interview about ghost vendors in accounts payable, the AP clerk - non-union, no representative present, seated in a conference room with the door unlocked - initially denies adding any vendor she did not have paperwork for. Shown a printed vendor master report listing six vendors that share her home postcode, she becomes tearful and says, 'I made some mistakes, but I never meant to hurt anyone.

883 words, about 4 min