Fraud examination is a professional field combining aspects of criminology and business. Although there are no degree options in the specialty, those interested in formal education either minor in the area or enroll in a graduate certificate program. A limited number of accounting and criminal justice bachelor's paths include minor classes in fraud examination that discuss financial records maintenance, criminal law and criminology, white collar crime and fraud prevention practices. Applicants must have a high school diploma and satisfactory standardized test scores. Graduate studies provide advanced education in computer forensics, financial investigation, law and computer science. Admission requirements are often similar to that of business schools, involving a bachelor's degree and prior courses in mathematics and economics.
Minor in Fraud Examination
In addition to financial crime scenes and evidence procedures, fraud examination minor units in a bachelor's program also address:
- Judicial processes
- Evidence laws
- Internal auditing
- Criminal law
- Fraud prevention
Graduate Certificate in Fraud Examination
Along with financial statements and ethics, core graduate certificate subjects include:
- Financial investigation
- Fraudulent financial statements
- Fraud detection
Popular Career Options
Graduates are qualified for a number of positions in law enforcement or government, working as fraud consultants, forensic bookkeepers or special agents. Other popular job titles are:
- Tax investigator
- Loss prevention consultant
- Fraud analyst
- Police officer
Employment Outlook and Salary Information
According to the U.S. Bureau of Labor Statistics (BLS), employment for bookkeeping, accounting and auditing clerks is predicted to decline 4% from 2018-2028, with a mean salary of $42,110 as of May 2018. Employment for police and patrol officers is expected to grow at a rate of 5% over the same decade with a mean annual wage of $65,400, also as of May 2018.
Individuals can increase their chances of career advancement with a certification from a professional organization, like the Association of Certified Fraud Examiners, which confers the Certified Fraud Examiner (CFE) designation. A series of tests on accounting, criminology and fraud investigation must be completed and passed.
Students in a bachelor's program for fraud examination learn about evidence and criminal law, fraud prevention, and internal auditing. Those pursuing a graduate certificate complete for advanced courses related to fraud detection and fraudulent financial statements.