Become A Fraud Auditor With An Accounting Degree In Alaska
Audit and investigation are two different processes; fraud audit is used to only identify fraudulent transactions disregarding how they were created. A regular auditor just checks the numbers accurately.The auditor simply follows each transaction of the company and looks for one that is fraudulent, if any.
Deceptive transactions are often identified beyond the general ledger, which is usually the work of a Fraud Auditor.This may include careful consideration of revenue from the company together with the customers. Inconsistencies in figures can help uncover an act of fraud. Sometimes auditors also interviews employees, clients and customers to unearth a fraud.
Frauds can be classified into embezzling, bribes, stealing, fictional transactions and extortion. Fraud auditors are qualified to look purposely for signs of such frauds. Many criminals commit frauds that are too good to be taken by the original system. In fact, all indicators of fraud themselves help the criminal in his crime and the auditor is looking for the same thing. These include lax management, ethical track record, forgery and contempt proceedings. These trends are everywhere where there is a fraud going on. Some reasons are less obvious than others, but they are always present.
In Alaska, to become a fraud auditor, you must obtain a four year Bachelor’s Degree in Accounting with some courses in Forensic Accounting, as appropriate. Additionally,there are specific requirements on hours of work and testing to follow.The median annual salary of a fraud auditor is $63,000.