Bain lauded by ACFE for significant contributions

Tue, Feb 28th 2012, 10:14 AM

Forensic accountant John Bain was recently lauded by the president and CEO of the Association of Certified Fraud Examiners (ACFE) for his significant contributions to the Advisory Council of the world's largest anti-fraud organization, and the premier provider of anti-fraud training and education.
Bain, a chartered forensic accountant and one of the first 40 individuals worldwide to become a certified specialist in asset recovery, was personally thanked for his significant contribution to the Advisory Council.
"Your knowledgeable input helped us to make important decisions regarding the style and usability of the new ACFE.com; assisted in the improvement of course material like 'auditing for internal fraud' and 'healthcare fraud' and provided us with ideas on how we can make our conferences and seminars more beneficial for attendees," wrote James D. Ratley, president & CEO of the Association of Certified Fraud Examiners. The ACFE has over 60,000 members worldwide and is guided by the newly-created Advisory Council of nearly 300 fraud-fighting experts worldwide, of which John Bain is a leading member.
Bain believes his most valuable contribution to the Advisory Council's formation was broadening the body's focus. "As it stands now, the ACFE is seen as strictly concerned with fraud, though fraud only plays a small, though important role in forensic accounting. All fraud examinations involve forensic accounting, but not all forensic accounting engagements include fraud. In fact, one of the most frequent demands for forensic accounting is the resolution of disputes among partners when no one is accusing anyone of fraud, but there is simply a lack of careful documentation, and settling requires tracing the history of all the financial tracks until at the end of the track it is clear who contributed what, who gained what and who deserves what portion."
Winner of the 2007 ACCA Achievement Award for the Americas, Bain assists attorneys, individuals and companies involved in civil litigation matters that involve disputes over shares, partnerships, debt or other financial issues. He works with some of the top law firms in the country and his findings have been pivotal in judicial civil and criminal matters.

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