Question

Discuss what skills you believe are necessary to be a fraud examiner. Can these skills be taught or only developed with experience?

Answer 1

Answer:

         Skills required to be a fraud examiner are as follows:

1. Business Understanding: A fraud examiner should be able to understand the business edge of information technology as they are required to work with software and create business regulations and procedures that help in gazing type of fraud.
2. Good knowledge on- how to use data: Examiners should possess good knowledge on how to use a data and develop relationships in the financial statements, which is crucial for analysis.
3. Dynamic Work Experience: A fraud examiner should be one who has tested their hands in diverse set ups and are open to handle wide array of susceptible and swindle state of affairs."
4. Comprehension of Information source: A fraud examiner need to have a intense understanding of the internal functioning of a company and sources of information so as to make analysis and decision making a quick exercise.
5. Own International Capabilities: A fraud examiner should have knowledge of various privacy laws and regulations and different languages, as the scope of their business is quite vast.
6. Communication skills: Fraud examiners should be capable enough to present complex information in such a way that can be easily understood by authorities and also technically correct.

Can these skills be taught or only developed with experience?

Initially some teaching regarding the field and subject matter is required for developing the skills of being a fraud examiner. Also at the same time some of the qualities are inbuilt like communication skills, understanding of work culture which makes learning an easy job. But as you proceed further in the business only experience which you get from different cases can take you to a long way.