Its activities include producing fraud information, training and tools.
Based in Austin, Texas, the ACFE was founded in 1988 by Joseph T. Wells.
The ACFE grants the professional designation of Certified Fraud Examiner[2] (abbreviated CFE).
[3] In addition to his duties as chairman, Wells writes, researches and lectures to business and professional groups on white-collar crime issues.
[6] According to a 2014 report, companies lose 5% annually due to fraud, and most often this happens in the accounting department.