Tate & Tryon is pleased to announce that Senior Audit Manager, Rich Banner, has recently passed the Association of Certified Fraud Examiners (ACFE) exam and met the requirements to become a Certified Fraud Examiner (CFE).
Rich joins Tate & Tryon's fraud and forensic team which includes several other staff members that are CFEs including audit partner, Jay Sciuto; audit manager John Kubichek; and audit supervisor Mike Ryan. Together they work with organizations to help them detect, quantify, and report on fraudulent activity as well as develop internal controls to help prevent fraud from occurring. Although no system of internal controls can provide absolute safeguards against irregular activities, establishing sound practices, policies and procedures will help minimize the risk and exposure of fraud occurring in an organization.
In order to become a CFE, a candidate must meet a stringent set of criteria and pass a rigorous exam administered by the ACFE. The ACFE is the world's largest anti-fraud organization and premier provider of anti-fraud training and education. The CFE credential denotes proven expertise in fraud prevention, detection and deterrence. CFEs are trained to identify the warning signs and red flags that indicate evidence of fraud and fraud risk.
Rich Banner has more than 15 years of experience managing and performing audits of nonprofit organizations including trade and membership associations, related for-profit subsidiaries, charitable organizations, and Section 527(f) political action committees. Rich has experience with a variety of complex auditing issues such as Federal awards and OMB A133 requirements, alternative investments and fair value accounting, and bond financing. He also has extensive experience with restricted contributions, trade shows, exhibits, and sponsorship arrangements.
He has authored several newsletter articles including "New Disclosure Requirements for Employee Benefit Plans and Service Providers," "Accounting for Nonprofit Mergers & Acquisitions," and "Going, Going, Go...FASB Releases Proposed Going Concern Standard." He also participates in the firm's Quality Control Committee, conducts internal training, and is s regular presenter at the firm's annual Accounting & Auditing Standards Update seminar.
About Tate & Tryon
Providing consistent quality and service to the nonprofit community for over 20 years, Tate & Tryon is a public accounting and consulting firm specializing exclusively in nonprofit organizations. Our clients include hundreds of local, national, and international nonprofit organizations including charitable foundations, museums, advocacy organizations, performing arts organizations, professional societies, trade associations, and related for-profit subsidiaries. In addition to providing audit and assurance, tax, and outsourced accounting services, Tate & Tryon also offers a number of consulting services related to reserves & risk management, process efficiency, business intelligence/data strategy, data outsourcing, member engagement, and benchmarking. Our technology practice, T3 Information Systems specializes in Microsoft Dynamics GP, SL and CRM system implementation, training and support, as well as related financial reporting, dashboarding and budgeting solutions. For additional information visit our website at www.tatetryon.com.