Fighting Fraud

Florida Tech has been added to the list of colleges and universities that are fighting corporate fraud by participating in the higher education program of
the Association of Certified Fraud Examiners (ACFE), according to LuAnn Bean, Ph.D., CPA, CIA, CFE and School of Management professor of accounting. “It’s
estimated that the cost of fraud is more than $600 billion in the United States alone,” said Dr. Bean. “As more corporate fraud cases make the headlines,
we at Florida Tech are excited to offer a course, in conjunction with the Association of Certified Fraud Examiners, which will help students recognize the
fundamental characteristics of fraud, identify factors that may indicate its existence, and assist in preventing financial fraud as well as occupational
abuse.” Dr. Bean will be teaching fraud examination in her Advanced Audit Theory and Application class (BUS 5434) this fall. The association was
established in 1988 and is based in Austin, TX. Each member of the ACFE, (http://www.cfenet.com/services/highered/Schools.asp) has earned certification
after a rigorous qualification process. Certified Fraud Examiners include auditors, accountants, attorneys, educators and criminologists. Among the other
colleges participating in the program are Baylor University, Bowling Green State University, Florida State University, Mercer University, Mississippi State
University, The Citadel, University of Kentucky and Tulane.