CFBE case studies
CFBE · Put your knowledge to work in context.
The CFBE (Certified Fraud Business Examiner) is a professional credential aimed at people who detect, prevent, and investigate fraud inside or on behalf of organizations. Typical candidates include internal auditors, compliance and risk officers, controllers, forensic accountants, procurement and finance managers, and investigators who need a business-process view of fraud rather than a purely legal or law-enforcement one. The CFBE case studies are 5 cases and about 3,236 words.
1Northwind Components: Rebuilding a Fragmented Fraud Risk Program
Northwind Components is a 1.2 billion automotive parts manufacturer with 6,800 employees across 14 plants. Its fraud risk program consists of an annual code-of-conduct acknowledgment (92% completion), a third-party hotline, and a fraud risk assessment performed by internal audit every three years.
666 words, about 3 min2Meridian Health Supply: Turning Duplicate-Payment Flags into Defensible Findings
Meridian Health Supply distributes medical consumables and processes 1.1 million vendor invoices a year through a shared-services center. An analytics team ran a duplicate-payment test on invoice number, amount, and posting date and flagged 2,300 invoices totaling $4.7 million.
648 words, about 3 min3Cedar Valley Bank: Segregation of Duties in a Fourteen-Person Finance Team
Cedar Valley Bank has 3.8 billion in assets and a 14-person finance department. In its ERP, an accounts payable clerk can create a vendor, enter an invoice, and release payments up to 10,000.
667 words, about 3 min4Apex Software: Channel Sales, Side Letters, and Quarter-End Revenue
Apex Software sells through channel partners. In Q4, revenue reached 48 million against a 46 million target and a debt covenant requiring 47 million.
634 words, about 3 min5Helios Logistics: Investigating a Broker Gift Allegation Under Privacy Constraints
Helios Logistics received an anonymous whistleblower report alleging that regional sales director Ms. R accepted gifts from a freight broker and steered contracts to that broker.
621 words, about 3 min