Fraud Examiner

Review companies' money-handling practices to catch crimes.

What does a Fraud Examiner do?

It seems that every week, a high-profile businessman (or woman) is charged with stealing money from the company or misusing company funds for their own personal pleasure. Temptation wins out much of the time, and the result is loss to customers and investors.

A Fraud Examiner cushions companies against fraud. As a Fraud Examiner, you spend your days evaluating the procedures and policies in place so that you can identify holes in the system. For example, at a bank, your job as a Fraud Examiner would be to review who has access to the money in the ATM machine, vault, and Teller drawers. For security (and to abide by banking industry laws), you make sure they can only be accessed by two employees with keys or access codes.

Fraud in banking is just one example of the cases you examine. You review accounting ledgers to ensure that the company’s money is being properly documented. Accounts receivables and accounts payables are scrutinized for evidence of misappropriation. You also review the company’s policies on petty cash, bank deposits, cash flow, and inventory, looking for flaws in the system.

In addition to performing reviews on a business’s money practices, you might also investigate employees accused of fraud. In this case, you review transaction histories, interview coworkers, and analyze financial statements. With a clear paper trail, you create a report for management, or even work with a Lawyer, Private Investigator, or the police to build a case against the employee.