Austin, Texas (May 29, 2002) -- The Association of Certified Fraud Examiners has named Toby J.F. Bishop, CFE, CPA, FCA, as its new president and chief executive officer.

Bishop replaces Joseph T. Wells, who is stepping down as the group's CEO. Wells, who founded the ACFE in 1988, will remain active with the ACFE, but will concentrate his efforts on long-range planning, research, and education.

"I have been chairman and CEO for the last fourteen years. I can think of no one I would rather relinquish this responsibility to than Toby Bishop," said Wells. "His vision and expertise ensure that the ACFE will continue to lead the world in the charge against fraud and white-collar crime."

Bishop also replaces Dr. Gil Geis, Professor Emeritus from the University of California, Irvine, who has served as ACFE president since 1992. Geis plans to stay involved with the ACFE in an advisory capacity.

Bishop was formerly the partner in charge of Fraud Research & Development for Andersen, where he had been studying a new auditing approach for fraud designed to greatly exceed current and proposed auditing standards.

-- Electronic Accountant Newswire staff

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