Association Of Certified Fraud Examiners

Definition of 'Association Of Certified Fraud Examiners'


An organization that was created to combat fraud and deception in business practices. The Association of Certified Fraud Examiners is a governing body of certified fraud examiners around the globe. The association provides its members with education, tools and training geared toward aiding its members in their efforts.

Investopedia explains 'Association Of Certified Fraud Examiners'


Founded in 1988, the Association of Certified Fraud Examiners boasts over 25,000 members and has chapters around the world. It is headquartered in both Europe and North America and works with a number of other fraud and law enforcement agencies. The association also offers the designation of Certified Fraud Examiner.


comments powered by Disqus
Hot Definitions
  1. Through Fund

    A type of target-date retirement fund whose asset allocation includes higher risk and potentially higher return investments "through" the fund's target date and beyond.
  2. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold or disposed of first.
  3. American Dream

    The belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society where upward mobility is possible for everyone. The American dream is achieved through sacrifice, risk-taking and hard work, not by chance.
  4. Texas Ratio

    A ratio developed by Gerald Cassidy and other analysts at RDC Capital Markets to measure the credit problems of particular banks or regions of banks. The Texas ratio takes the amount of a bank's non-performing assets and loans, as well as loans delinquent for more than 90 days, and divides this number by the firm's tangible capital equity plus its loan loss reserve.
  5. Amortized Bond

    A financial certificate that has been reduced in value for records on accounting statements. An amortized bond is one that is treated as an asset, with the discount amount being amortized to interest expense over the life of the bond. If a bond is issued at a discount - that is, offered for sale below its par (face value) - the discount must be treated either as an expense or it can be amortized as an asset.
  6. Interest Rate Reduction Refinance Loan (IRRRL)

    A mortgage refinancing program offered by the U.S. Department of Veterans Affairs (VA) to homeowners with VA loans. The VA Interest Rate Reduction Refinance Loan (IRRRL) is a VA-loan-to-VA-loan process, designed to allow homeowners to refinance a fixed loan at a lower interest rate or to convert an adjustable rate mortgage (ARM) into a fixed rate mortgage.
Trading Center