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I agree that "discovering fraud is difficult for auditors."

I agree that "discovering fraud is difficult for auditors." There are people out there under the elusion that auditors look at every single transaction and test everything, therefore they should catch every error or fraud. That is just not the case. As you mentioned, frauds are rarely that simple. However, is there anything an auditor can do to put themselves in a better position to catch fraud? For example, some auditors that want to focus more on the fraud aspect in audits obtain the Certified Fraud Examiner designation. At the bank I worked at, almost every member of the Corporate Security department (responsible for internally investigating fraud issues) had obtained this designation. Do you think such a designation would be a worth-while pursuit for an auditor.

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I agree that "discovering fraud is difficult for auditors." There are people out there under the elusion that auditors look at every single transaction and test everything, therefore they should catch every error or fraud. That is just not the case. As you mentioned, frauds are rarely that simple. However, is there anything an auditor can do to put themselves in a better position to catch fraud? For example, some auditors that want to focus more on the fraud aspect in audits obtain the Certified Fraud Examiner designation. At the bank I worked at, almost every member of the Corporate Security department ...

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I agree that "discovering fraud is difficult for auditors." There are people out there under the elusion that auditors look at every single transaction and test everything, therefore they should catch every error or fraud. That is just not the case. As you mentioned, frauds are rarely that simple. However, is there anything an auditor can do to put themselves in a better position to catch fraud? For example, some auditors that want to focus more on the fraud aspect in audits obtain the Certified Fraud Examiner designation. At the bank I worked at, almost every member of the Corporate Security department (responsible for internally investigating fraud issues) had obtained this designation. Do you think such a designation would be a worth-while pursuit for an auditor.

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