Fraud examination

As a fraud examiner and member of the Association of Certified Fraud Examiners (ACFE) I am bound by a code of conduct that requires me not just to be professional in my line of work, but also at all times, exhibit the highest level of integrity in the performance of all assignments, with the expectation that all work will be completed with professional competence.

This required standard is the frame work upon which our investigation process is built, we leave no stone upturn while getting to the bottom of the matter, and hence we apply a 26 to 30 point approach to the process of investigation.

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What fraud investigation entails

  • Debrief all informants and witnesses
  • Document allegation in writing
  • Identify all possible schemes or indicators of fraud
  • Develop fraud theory
  • Notify legal counsel and discuss whether to proceed
  • Obtain record and file all pertinent information and documents on file
  • Determine the potential loss
  • Identify potential witness
  • Determine if an error or mistake was made
  • Review internal controls
  • Develop an investigative plan
  • Determine type of evidence needed to pursue
  • Identify indicators showing intent
  • Review payroll records and cancelled cheques (bank)
  • Review personal expense reports
  • Perform background and asset check
  • Determine interview approach
  • Perform financial analysis
  • Determine type of operations or surveillance to be used
  • Develop other informants
  • Perform link analysis
  • Identify computers, printers and other hardware and software liked to the investigation
  • Perform forensic analysis
  • Conduct interview
  • Document report to management
  • Notify management.