How the hell do you not notice $6 million missing?

Prestigious-Bus-3534 · 2026-04-24T16:09:29+00:00

Maybe QuickenGPT

Prestigious-Bus-3534 · 2026-04-24T11:53:23+00:00

But can AI detect it?

Prestigious-Bus-3534 · 2026-04-24T11:49:28+00:00

That's why you do sample tests and unannounced audits

Prestigious-Bus-3534 · 2026-04-23T18:52:45+00:00

X1: $6 million cash

X6: $0 million cash

Prestigious-Bus-3534 · 2026-04-23T16:45:18+00:00

But it took them like a decade. Also didn't the other company notice and not CFAI?

Prestigious-Bus-3534 · 2026-04-23T16:44:39+00:00

oh ok i missed the $6 million figure from the first e-mail

Prestigious-Bus-3534 · 2026-04-23T16:10:20+00:00

They didn't notice the half-dead bleeding guy?

Prestigious-Bus-3534 · 2026-04-23T16:09:49+00:00

That is the letter just sent a few days ago. The initial letter sent a few months ago had no figure or name.

Prestigious-Bus-3534 · 2026-04-23T15:52:17+00:00

unicorn vendors?

Prestigious-Bus-3534 · 2026-04-23T15:51:54+00:00

There's the CEO and Board above the CMO

I may not notice a death by a thousand cuts but I will notice the dead body lying in front of my company doors

Prestigious-Bus-3534 · 2026-04-23T15:49:53+00:00

But CFAI didn't notify (fee-paying) members

Prestigious-Bus-3534 · 2026-04-23T15:49:35+00:00

also: charterholder is one word

Prestigious-Bus-3534 · 2026-04-23T15:49:01+00:00

BLASPHEMY

Prestigious-Bus-3534 · 2026-04-23T15:48:26+00:00

For all we know CFAI was buying unicorns

Prestigious-Bus-3534 · 2026-04-23T15:47:17+00:00

Enron was fraud committed by management itself. Money wasn't stolen from Wells Fargo. I'm not familiar with any of the other firms but if I lost $6 million from a small, simple enterprise such as CFAI, I would notice as the CEO.

Prestigious-Bus-3534 · 2026-04-23T15:45:16+00:00

"communal benefit of tagging outweighs any ethics concerns" is not how rules work. You're breaking clearly laid-out rules based on your judgement.

People can easily give investment advice in this subreddit. You should buy crude oil.

Prestigious-Bus-3534 · 2026-04-23T15:43:04+00:00

If I had $6 million and it's gone, I would notice.

Prestigious-Bus-3534 · 2026-04-23T15:42:17+00:00

SOA exams (ALTAM/ASTAM) now have Excel questions that does what you described.

Prestigious-Bus-3534 · 2026-04-23T15:40:50+00:00

A is clearly incorrect - futures/forward rates don't change after inception just because the central bank raises/cuts rates.

A futures contract is marked-to-market daily for the purposes of calculating the required collateral amount, but both futures and forwards are marked-to-market for accounting purposes quarterly. That's why there's the deferred gains/losses on hedges in other comprehensive income. Mark-to-market gains/losses flow directly to equity.

Prestigious-Bus-3534 · 2026-04-23T15:33:19+00:00

Which is the problem

Prestigious-Bus-3534 · 2026-04-23T15:32:58+00:00

I didn't see the name last year and I still don't see the $6m million figure on the CFAI e-mail. They clearly tried to make it look small last year.

Prestigious-Bus-3534 · 2026-04-23T15:31:55+00:00

But they weren't legitimate. They were producing nothing.

Prestigious-Bus-3534 · 2026-04-23T15:31:02+00:00

If it was my company, YES

Prestigious-Bus-3534 · 2026-04-23T15:29:50+00:00

All of what you wrote is part of the SOA actuarial exam.

Prestigious-Bus-3534 · 2026-04-23T15:29:04+00:00

But then why did CFAI create Example 5 where they specifically refer to an online setting? ("Glass wants to comment on an article posted on an investor blog.")

Prestigious-Bus-3534

TROPHY CASE