Highlights from this issue:

• Cover Article:
"Fighting for Airline Safety"
Mark Lund just wants to do his job. As a safety inspector for the U.S. Federal Aviation Administration, he's assigned to spot potential problems. After he reported safety concerns during an airliner's mechanics' strike, he was relegated to a desk job until an FAA inspector general's report later vindicated him. Read how he and other safety inspectors try to be the "eyes and ears" of the flying public.

By Dick Carozza

• Economic Espionage
How to Protect Your Clients' Trade Secrets
Media stories about economic espionage appear with increasing frequency, but they don't seem to be attracting the attention of busy corporate executives. Don't let your clients ignore this dire financial threat. In the process, find out if this dynamic field is a new niche for your practice.

By Robert Tie

• Case in Point
Opening Pandora's Box
Town Mark Ltd. of India retained accountant and fraud examiner Dr. Vishnu Kanhere to document and streamline the information systems in preparation for ISO certification. But like the proverbial Pandora's Box, when he and others lifted the lid off the accounts, scores of errors and issues tumbled out. See how he and the auditors found a fraud based totally on manipulation of a computerized management-information system and the lessons they learned.

By Vishnu K. Kanhere, Ph.D., CFE, CISA, CISM, FCA

• Charity Fraud
To Give or Not to Give?
Philanthropists and charities should protect themselves against fraud schemes to ensure that donated money is truly benefiting good causes. Fraudsters don't discriminate, which places the most trusted nonprofits at risk. The most benign-sounding organization could be funding a white-collar criminal's summer home - or even terrorism. Here's information that all fraud examiners need.

By Gaurav Kumar, Ph.D., CPA; Dale L. Flesher, Ph.D., CFE, CPA, CIA; and Tonya K. Flesher, Ph.D., CPA

• Ivar Kreuger Reborn, Part 2
Unit Trust of India (UTI), the government-controlled fund manager, was a popular investment for millions of middle-income investors and retirees. But when it ran into financial problems, its managers worked some shady deals that led to further fraud and corruption and the loss of millions of rupees. Ivar Kreuger would have felt quite comfortable heading this pyramid scam.

By Dick Carozza

• Annual Conference Recap
Quality Speakers Promote ACFE Fraud Fighting
The 19th Annual ACFE Conference & Exhibition drew thousands of dedicated fraud examiners from around the globe to learn the latest techniques and connect with each other - because the stakes are higher than ever.

By Amy Logan and Dick Carozza