Weekly Wrap – 11th September 2014


Hi I am Tom McLeod, Co-Founder of McLeod Governance.

This is what I would be thinking about this week.

Over the previous couple of weeks we have looked at what makes a good Chief Audit Executive and what makes a good risk manager.

Today we are going to look at what makes a good fraud advisor.

For me a good fraud advisor comes down to three things.

Ability to Objectively Analyse Information

Firstly the ability to analyse the information presented before them in an objective and unbiased way.

Too often you see people enter into fraud investigations with pre-conceived ideas about how it is going to finish.

Understanding Power and Responsibility of Role

The second thing is someone that understands the power and responsibility that they hold in the role that they are taking.

There is nothing worse than seeing a fraud advisor who is overstepping their mark or alternatively is using their role to intimidate.

Understanding Prevention Most Important

The third and most important element of a good fraud advisor though has nothing to do with the investigation.

It is understanding that the most powerful aspect of a fraud advisor is preventing the fraud happening in the first instance.

So a good fraud advisor for me is someone that can communicate; someone that can educate.

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