Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Respond to this: A fraud examiner expert in the construction industry must possess the skills to analyze details, patterns, and inconsistencies and be aware of

Respond to this: A fraud examiner expert in the construction industry must possess the skills to analyze details, patterns, and inconsistencies and be aware of the most common or newest trends in fraudulent activity. The expert must demonstrate proficiency in investigation skills by recognizing suspicious transactions and activities that need deeper analysis and interpretation. The fraud examiner's most critical skill is to recognize anomalies, be able to follow the trail of deceit, and understand the workings of the fraudulent scheme. It is like untangling a complex spider web and following the threading all the way to the origin. The technological understanding and proficiency in analytical software assist the expert in detecting suspicious activity and performing audits at a high level of competency and reliability. Experts today must be competent in using artificial intelligence systems and understand how they work in fraud and how to use them to detect fraud. Knowledge of all current laws and regulation acts must be part of the arsenal that the expert needs to keep up-to-date to ensure the legality of their investigative techniques. Attention to detail, critical thinking, risk assessment, and management skills in the area of expertise are required to understand the construction industry

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management A Systems Approach To Planning Scheduling And Controlling

Authors: Harold Kerzner

12th Edition

1119165350, 9781119165354

More Books

Students also viewed these General Management questions

Question

Define Management or What is Management?

Answered: 1 week ago

Question

What do you understand by MBO?

Answered: 1 week ago

Question

What is meant by planning or define planning?

Answered: 1 week ago

Question

Define span of management or define span of control ?

Answered: 1 week ago

Question

Describe how to train managers to coach employees. page 422

Answered: 1 week ago