\"Educational Requirements and Professional Organizations for Fraud Examinations
ID: 2603004 • Letter: #
Question
"Educational Requirements and Professional Organizations for Fraud Examinations and Financial Forensics" Please respond to the following: Fraud examination and financial forensic skills have a key role in corporate governance. Appraise the key roles in corporate governance, indicating how gaps in the roles may lend itself to corporate fraud. From the e-Activity, identify the various types of career paths that are available to anti-fraud professionals. Choose a career path that you would take and explain why you chose that career path.
Explanation / Answer
Corporate governance plays an important role in detecting and preventing financial statement and other kinds of fraud and corporate malfeasance. Examiners of fraud and financial forensic professionals help to recognise these risks and understand how the internal controls of organization may be exploited at the time of fraud acts.
In a corporate governance, Cheating, is a type of indiscretion and suggests the degradation of moral fabric as much as other indiscretions such as financial fraud. Within a narrow range of exhibited indiscretions, we contain malicious attacks, cyberattacks, social engineering, and a multitude of violations of trust which people can craft. Any kind of indiscretion, containing fraudulent financial reporting, may be argued as a problem of human behavior. At the very core of the human constitution, something in the nature of a being causes the compromise. However, a definite explanation of actions of fraud lies in answers which put nature of human at the core of the fraud paradigm.
A CFE (Certified Fraud Examiner) is a credential awarded by the Association of Certified Fraud Examiners. I would choose this career path as it gives Forensic Accountants with the technical skills necessary to aim effective investigations. The study also gives valuable comparisons and information which is helpful to anti-fraud professionals in benchmarking their levels of compensation and career growth. The fraud resources, training and continuing education given by the ACFE will help in any level of our career path.
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