KASNEB CFFE case studies
KASNEB CFFE · Put your knowledge to work in context.
The Certified Forensic Fraud Examiner (CFFE) is a KASNEB professional qualification. KASNEB is the Kenyan State Corporation, established in 1969 under The National Treasury and Economic Planning, whose mandate includes developing syllabuses, conducting professional examinations and certifying candidates in accountancy, finance, credit, governance and management, information technology and related disciplines. The KASNEB CFFE case studies are 5 cases and about 4,627 words.
1The Branch Manager Whose Loans Never Went Bad
Mwangaza Community SACCO has 14 branches and a lending rule that any loan above KES 500,000 must go to the credit committee. A routine review by the newly recruited internal auditor shows 37 loans between KES 470,000 and KES 498,000 approved in nine months, all by the same branch manager acting alone, all to members whose employer address is a single law firm, all disbursed to one bank branch.
936 words, about 5 min2The Retracted Admission
During an investigation at a logistics company, the lead investigator arranges to interview Mr Otieno, a dispatch supervisor, on a Monday morning in the boardroom, with the HR manager sitting in 'to take notes'. Mr Otieno was not told the subject of the meeting.
915 words, about 5 min3The Bakery Fire and the Number That Was Too Round
A bakery in Nakuru claims KES 2.95 million in lost profit after a fire closed its main production line for 11 weeks. Its accountant multiplied the average monthly profit for the 12 months before the fire (KES 1.18 million) by 2.5 months.
898 words, about 4 min4The Director Who Wants It Verbal
A forensic firm is engaged by a tier-2 bank's General Counsel to investigate suspected procurement fraud. In week three the team finds that the CEO signed off a KES 46 million contract with a supplier whose sole director shares a surname, residential address and mobile number with the CEO's brother-in-law, and that the CEO chaired the tender committee that awarded it.
898 words, about 4 min5Re-imaged on Saturday Morning
On a Friday afternoon a departing finance analyst at a microfinance bank is walked out after her manager sees her copying a folder named 'loanbook 2019-2024' to a USB drive. IT collects her laptop and, because it is needed for a new starter on Monday, re-images it on Saturday morning.
980 words, about 5 min