What Is a Forensic Accounting Expert Examination?

By Mona D'aunno
Mona D'aunno

Mona D'aunno is a senior partner of Compliant Management Group of Texas, and has been involved in forensic accounting for more than 15 years. She has worked in both the public and private sectors as a comptroller for a publicly held company, and was international director for Wesco Financial Corporation and forensic accounting Field Agent for the federal government. D'aunno is a graduate of Oxford University, earning a degree in chemistry and minoring in foreign policy. D'aunno consults regularly with executives and business owners from a variety of fields to help create synergistic solutions for small to mid-sized companies.

www.cmgoftexas.com

A forensic accounting examination is a four-part exam that certifies an individual to be considered an expert in a courtroom to discuss accounting fraud. Understand the fraud triangle and how to identify accounting fraud before taking the forensic accounting certification test with advice from a forensic accountant in this free video on careers.

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Video transcription

What is a forensic accountant expert exam? Well let's just stop there for a second because when you say the word forensic, it already is an expert. Forensic means an expert that can go as a witness is a court of law or it can investigate four parts. Now what is the exam? It is the certified forensic examiner exam. It is globally recognized as the only exam that we have for fraud accounting and fraud auditors. When you want to be in fraud accounting or forensic accounting, you have to be a CFE. CFE stands for Certified Forensic Examiner. And what does that really mean? So on the exams as a forensic examiner, you have to make sure that you understand the fraud triangle. This is paramount, but what the exam really is is that you will be certified as a forensic examiner. You will be able to walk into a company, into a courtroom, into a government agency and say that I am an expert in forensic accounting and this is my certification after the exam. What this exam is is a four part exam. You have to understand accounting, you have to understand auditing, you have to understand investigation and you have to know something about the law and securities. It's not an easy test guys, when I took it it was only 3 parts so I'm sorry about that, but it's a great tool. It helps you in so many ways. Not just because you want to be a forensic accountant but it makes you understand how a company works. So by taking this exam, it also gives you the ability to see the full picture. But remember, the most important thing is if you want your company healthy, take a look at your books. Thank you.