What Is a Fraud Examiner and What Do They Actually Do?

Fraud costs businesses billions every year—and often, the damage goes unnoticed until it’s too late. That’s where a Certified Fraud Examiner (CFE) steps in. At Lucrum Legal Accounting, we specialize in helping attorneys, business owners, and entrepreneurs not only detect fraud but also prevent it from eroding profits and trust.

The Role of a Fraud Examiner

A fraud examiner is more than just an accountant. They are highly trained professionals who combine forensic accounting, investigation, and legal expertise to uncover the truth behind suspicious financial activity. Their job is to look deeper than the surface numbers and identify patterns that could indicate fraud, waste, or abuse.

Some of their primary responsibilities include:

• Investigating Financial Records: Reviewing transactions, bank statements, and accounting entries for inconsistencies.

• Identifying Red Flags: Detecting unusual activity such as unauthorized expenses, hidden assets, or inflated invoices.

• Interviewing & Gathering Evidence: Collecting statements and documentation that can hold up in legal proceedings.

• Working with Attorneys: Providing litigation support in fraud cases, expert testimony, and clear reports that simplify complex financial data.

• Recommending Safeguards: Helping businesses strengthen internal controls and create a “fraud-resistant” environment.

Why Fraud Examiners Matter to Business Owners

Fraud doesn’t just impact large corporations. Small and midsize businesses—especially law firms and professional practices—are often more vulnerable because they may lack the same checks and balances as larger organizations.

Common schemes include:

• Payroll manipulation

• Billing fraud

• Misappropriation of client funds

• Kickback arrangements

• Expense report padding

Left unchecked, these schemes can drain profits, damage reputations, and expose businesses to regulatory or legal risks.

How a Fraud Examiner Protects Your Business

At Lucrum Legal Accounting, we go beyond surface-level reviews to uncover the truth behind complex financial situations. Our fraud examination services are designed to both detect misconduct and protect your bottom line.

We provide:

• Forensic Accounting & Financial Investigations – Digging into the details to uncover hidden assets, trace transactions, and identify irregularities.

• Financial Document Review & Discovery Assistance – Analyzing records for accuracy, completeness, and relevance in legal disputes or compliance matters.

• Expert Witness Testimony – Presenting clear, defensible findings in court or arbitration, simplifying complex financial data for attorneys, judges, and juries.

With these tools, we help ensure that fraud is not only uncovered but also properly documented and addressed—giving you the clarity and confidence to move forward.

The Value of a Fraud Examiner

Fraud is not just a financial issue—it’s a trust issue. By working with a Certified Fraud Examiner, you gain peace of mind knowing that your finances are being monitored and protected by experts who understand the numbers.

At Lucrum Legal Accounting, our team combines accounting expertise with investigative skills to help you protect what you’ve built.

👉 If you’ve ever wondered, “Could fraud be happening in my business without me knowing?”—now is the time to find out. Contact us today to schedule a confidential consultation.