Fraud Examiner Features and Tasks

Audit procedures in fraud auditing are designed to detect fraud schemes. Unlike traditional auditing, audit procedures aim to collect hard evidence that frauds have not occurred and to gather indirect evidence to determine that internal controls are working properly in practice.

Fraud Examiners are experts with the necessary professional knowledge and skills, who provide services for the prevention or detection of frauds that may occur or have occurred in businesses. Fraud Inspection is carried out by people who hold the title of CFE (Certified Fraud Examiner) given by ACFE. These people are members of the profession working in the fields of prevention, detection and investigation of frauds. This title, which is given by ACFE, is carried out by assigning relevant duties in the field of combating fraud at various levels in the public and private sectors, and is used in the detection and investigation of frauds worth billions of dollars.

The audit for the detection of fraudulent acts is an audit shaped by the intuition of the fraud examiner, as opposed to being a formal audit approach within the framework of the rules. Auditing, which depends on a correct intuition ability, requires stubbornness, resistance, patience, self-confidence, creative thinking and innovativeness for the auditor. Below are the main personal characteristics and competencies that fraud examiners should have:

???????Skeptical,

???????Strong intuition,

???????Being impartial and independent,

???????Curious,

???????Stubborn and Persistent,

???????Reliable,

???????Creative,

???????Have practical intelligence,

???????Open to innovations and learning,

???????Patient,

???????Detailed and organized,

???????Able to see beyond numbers,

???????Being able to make connections between subjects and events,

???????Being able to analyze the data in all its aspects.

Fraud examiners generally perform the following duties:

???????To detect fraudulent acts suspected, together with their evidence,

???????Analyzing the current situation of the business and making suggestions about what to do,

???????To help protect and develop business assets,

???????Assisting the business for the collection of assets with the necessary legal transactions,

???????To exchange ideas with other experts working on the institution.

Fraud Examiners and Investigators obtain evidence, take statements, produce reports, and testify to findings regarding resolution of fraud allegations. May coordinate fraud detection and prevention activities. They also document all investigative activities.