Question

Do you think Fraud Examiners should have higher level accounting skills beyond the basic skills? Should Fraud Examiners have any additional qualification not currently required (ex. specific technology skills, psychology, etc)? Be sure to provide examples to back up your opinion

Answer 1

yes,we do think that fraud examiner should have higher level accounting skills beyond the basic skills.their primary objective is to find wether any fraud has been occoured in the entity an if yes then who perperated it.they should have sufficient knowledge of general principle of law of contracts, partnership;specific statues and provision applicable,e.g.companies act etc.;clint's nature of business and its peculiar features.apart from the knowledge acquired by them in the formal manner ,the fraud examiner should also posses certain personal qualities such as,tact;caution;firmness;good temper;patience etc.they must have highest degree of integrity backed by adequate independence.this is a profession ,calling for a wide variety of knowledge to which no one has yet set a limit,the most useful part of a knowledge is probably that which can not be learnt from books because its aquisition depends on the alertness of the mind in applying to ever varying circumstences,the fruits of his own observationand reflection;only he who is endowed with common sense in adequate measure can acheive it.and they should also posses knowledge of technology skills ,psycholgy as they might need to detect fraud by using that source in this era of advancement of technology for example they might need to find appropriate(quality) and sufficient(quantity) of fraud evidence for which they need to depend on the technology and it is the nature of fraud examiner they cant trust on others so they should make themselves much skilled towards technology.