Certified Fraud Examiner
Certified Forensic Accountant Services
Recent studies concerning fraud point to an alarming trend. Despite your best efforts to thwart embezzlement it is almost certain that a fraud attempt will occur at some point in the next decade or two in your company. In other words - you can hardly avoid it. Proper checks, balances and prevention measures can minimize the impact of fraud to your bottom line, but a thorough investigation will be necessary for prosecution on a legal level. Certified forensic accountants and fraud examiners are experts in one or more of the following fields:
* Loss Prevention * Criminal Law * Forensic Accounting
Loss prevention specialists have been trained to spot illegal activities in a variety of situations. They excel at getting into the "criminal mindset;" at knowing how a thief spots holes in the system to exploit. The become quite adept at thinking like a rat to catch a rat. While loss prevention skills come quite naturally to certain individuals, it can still take a number of years to finely hone the set of skills required to catch fraud as it is happening.
For those in the criminal law field, such as attorneys and prosecutors, fraud prevention is not as likely since they have far more experience in prosecution and recuperation of losses after the fact. But they do excel at gathering evidence to aid in legal processes. One advantage of those from the legal profession have in fraud examinations is that they are likely to have seen and studied in-depth a large number of embezzlement cases and situations - becoming well versed in a broad variety of schemes.
Finally, there are the forensic accounting experts. Since fraud almost always has to do with the improper use of funds, forensic accounting consistently applies to cases of fraud and embezzlement. The forensic accountant can be both watchdog, as in the case of the loss prevention specialist, as well as expert witness and fact-finding agent for prosecutors on the legal side.
There are several professional designations available for certification in fraud examinations, but all of them require professional level training and experience in one or more of the three fields above. And while each of these fields of expertise lends themselves well to effective fraud investigation, it is also true that forensic accounting will be necessary on some level in order for loss prevention or prosecution to be entirely effective. Without the paper trail it is difficult to successfully prosecute a perpetrator.
Cr.FA designated forensic accountants are called upon to do both in fraud cases. They can effectively provide litigation support as well as find and estimate economic damage losses from illegal activities. Mike Miller has been providing expert forensic accounting services for loss prevention and legal support for his clients for years. And while the need for fraud investigation services is never something you want, it is nice to know that there are firms and services available when you need them to help you meet those challenges head on.
crfaforensicaccounting and Mike Miller are qualified to consult with you about certified fraud examiners. To read more about how they can help you visit crfaforensicaccounting.com
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