27th Annual ACFE Global Fraud Conference

I recently attended the largest anti-fraud conference in the world. The conference was held in Las Vegas and featured Anthony Menendez, Academy Award-Winning Actor Richard Dreyfuss, Judge Jed S. Rakoff, and New York Times investigative journalist David Barboza.

Anthony Menendez is best known as the accountant at Halliburton who discovered their illegal accounting practices. The case is very well known and one that we studied in multiple accounting classes including my most recent Accounting Ethics class with Steven Mintz at Cal Poly.

Menendez had found bill and hold transactions Halliburton booked as revenue where the equipment was not delivered until months later. He told his story to us about the long legal battle with the SEC and Halliburton. Menendez put in months of research to figure out the legality of the transactions and spent an even longer amount of time fighting Halliburton.

Richard Dreyfuss who portrayed Bernie Madoff in the ABC television show “Madoff.” The show tracks the rise and abrupt downfall of Madoff and his Ponzi scheme. Dreyfuss described to us what he learned while preparing for the role including information about the victims he interviewed. In Dreyfuss closing remarks he challenges the CFEs in the room that we work for the people and to continue to seek out justice.

The conference provided me with valuable opportunity to connect with other students and professionals and learn about their careers. Below is a list of the different sessions I attended. All proved to be very beneficial and give me an inside look into the profession.

  • Overcoming the Barriers of Being an Auditor in a Fraud Examination
  • Procurement and Contract Fraud Hazards
  • Managing the Explosion of Healthcare Data
  • The FIFA Scandal: Lessons for the Corporate World
  • Evolve Your Compliance Program with Advanced Data Analytics
  • Writing Effective Investigation Reports
  • Case Studies: Advanced Financial Statment Analysis